5510 Warrensville Road Maple Heights (Cleveland MSA), OH
Building Size: 9,100 SF
Lot Size:1.11 AC
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF Dollar General located in Maple Heights, OH. • This store is currently being built, has upgraded construction and is scheduled for delivery in July 2021.
CLEVELAND MSA • Maple Heights is a Cleveland suburb and part of the Cleveland MSA. • The subject property is 14 miles South of Cleveland and a mile off of Interstate 480 (28,549 VPD). • Cleveland has a population of 385,525, making it the 2nd largest city in Ohio and is the county seat of Cuyahoga County. • 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.
5-MILE POPULATION 183,951 • This Dollar General is located a mile off I-480 (28,549 VPD) near a signalized intersection on Warrensville Road (20,966 VPD). • Surrounding national retailers include ALDI, McDonald’s, Save A Lot, Advance Auto Parts and more. • The 5-mile population of this store is 183,951 which is superior to most Dollar General locations.
NEW 15-YEAR NN CORPORATE LEASE • Brand new 15-year corporate guaranteed NN lease with Dollar General with 10% rent increases during four, 5-year option periods. • Minimal landlord responsibility for roof, structure, and parking lot. Tenant pays $300 per month for parking area maintenance. • Tenant is responsible for taxes, insurance, utilities and HVAC.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.