Dollar General

Dollar General

5510 Warrensville Road
Maple Heights (Cleveland MSA), OH

Price: $2,053,000
Cap: 5.25%
NOI: $107,740
Building Size: 9,100 SF
Lot Size: 1.11 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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