NEW RELOCATION STORE • Brand New 10,542 SF Build-to-Suit Dollar General in Northfield (Cleveland MSA), OH. • This is a relocation store that is under construction and is scheduled for delivery August 2020.
LOCATED NEAR TWO INTERSTATES • The subject property is located off Hwy 8 (20,004 VPD) less than one mile from I-271 (71,893 VPD) and I-480 (113,466 VPD). • The 5-mile population is 103,722 and average household income is $83,456, which is superior to most Dollar General locations. • Located in an affluent residential and industrial area. Surrounding national retailers include Goodwill, Sam’s Club, Walmart, Target, Midas, McDonald’s, Wendy’s and more. • Surrounding tourist attractions include Pitluk Preserve, Bedford Reservation, Sagamore Hills Property and more. • This location is seconds away from MGM Northfield Park Casino, which is the busiest gaming facility in Ohio.
CLEVELAND MSA • Cleveland has a population of 385,525, making it the 2nd largest city in Ohio and the 51st largest city in the U.S. • Greater Cleveland is ranked as the 33rd-largest metropolitan area in the U.S., with 2,057,009 people in 2018. • Cleveland is a manufacturing center due to its location on the southern shoe of Lake Erie. The city’s other economic drivers include financial services, healthcare and biomedicals. • Cleveland is home to the Rock & Roll Hall of Fame and the Playhouse Square Center, which is the second-largest performing arts center in the U.S.
LONG TERM CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed lease with Dollar General. • Tenant 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • 10% rent increase in each of the five, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 15,839 locations in 45 states and 975 new locations scheduled to open in 2020. • Dollar General has been in business for 80 years and has a current net worth of over $6 billion.