Dollar General

Dollar General

2809 Lima-Sandusky Rd.
Sanduskuy, OH

Price: $1,931,000
Cap: 5.10%
NOI: $98,460
Building Size: 10,640 SF
Lot Size: 1.82 AC

Investment Highlights

• Brand new 10,640 SF Dollar General located in Sandusky, OH
• This store opened in February 2022.

• Sandusky is positioned on the shores of Lake Erie and is the county seat of Erie County with over 77,000 residents.
• This Dollar General is only 9 Miles away from Cedar Point Amusement Park, known as “America’s Roller Coast”, the park has the second largest collection of roller coasters in the world and attracts over 3.5 million visitors annually.
• Sandusky and the Lake Erie Islands are known in the region as “Vacationland” as they attract over 11 million tourists annually that generate $184.8 Million to the economy every year.
• National retail in Sandusky includes Home Depot, Kroger, Target, Tractor Supply and many more.

• The subject property is 65 miles West of Cleveland and 50 miles East of Toledo off of Interstate 90 (35,374 VPD).
• Cleveland has a population of 385,525, making it the 2nd largest city in Ohio and the 51st largest city in the United States. Cleveland is also the county seat of Cuyahoga County.
• Cleveland is a manufacturing center due to its location on the southern shore of Lake Erie and connects many canals and railroad lines. Cleveland’s other economic drivers include financial services, healthcare, and biomedicals.
• Cleveland is home to the Rock and Roll Hall of Fame and the Playhouse Square Center, which is the second-largest performing arts center in the United States.
• Home to multiple professional sports teams including the NFL’s Cleveland Browns, the NBA’s Cleveland Cavaliers, and the MLB’s Cleveland Indians.

• Brand new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods.

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 18,000 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn

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