Dollar General

Dollar General

818 East State Street
Fremont (Toledo MSA), OH

Price: $1,678,000
Cap: 6.25%
NOI: $104,859
Building Size: 7,489
Lot Size: 0.65 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION STORE
• New Build to Suit Dollar General located in Fremont, (Toledo MSA) OH.
• This store has upgraded construction and is scheduled for delivery August 2020.

TOLEDO MSA
• Fremont is located off of I-90 (44,036 VPD) approximately 30 miles East of Toledo and is part of the Toledo MSA.
• With a population of over 270,650, Toledo is the 4th largest city in Ohio and the 80th largest city in the U.S.
• The Port of Toledo is the fifth busiest in the Great Lakes and 54th biggest in the United States.
• Known as the Glass Capital of the world due to the city’s lead role in the glass industry.
• Home to the University of Toledo with over 20,380 students enrolled and over 2,200 faculty.
• Toledo is the county seat of Lucas County and home to multiple Fortune 500 companies including Dana Incorporated, The Andersons Inc., Owens Corning and more.
• Located on Lake Erie, Toledo is a popular tourist destination generating $2 billion annually and supporting 21,000 jobs.

PRIMARY RETAIL LOCATION
• This store is well located on E State St. (12,315 VPD) approximately 2 miles from US Hwy 20 (20,655 VPD) and US Hwy 6 (10,168 VPD).
• Nearby national retailers include CVS, Lowes, O’Reillys, Dairy Queen and more.
• Additional nearby attractions include Fremont Speedway and Fremont Airport.
• The 5 mile population for this store is 28,566 and the average HHI is $65,560.
• Fremont is the county seat of Sandusky County.

NEW 15 YEAR 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 16,500 locations and expanding each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn
OFFERING MEMORANDUM

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