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.