Dollar General

Dollar General

4830 North Ridge Road
Geneva (Cleveland MSA), OH

Price: $1,826,000
Cap: 5.25%
NOI: $95,854
Building Size: 9,100 SF
Lot Size: 5.72 AC

Investment Highlights

• Brand new 9,100 SF Dollar General located in Geneva, OH (Cleveland MSA).
• This store is currently being built, has upgraded construction, and is scheduled for delivery in August 2021.

• The subject property is 45 miles Northeast of Cleveland off of Interstate 90 (38,249 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.

• This Dollar General is located 3 Miles from I-90 (38,249 VPD) on Hwy 20 (8,045 VPD). Interstate 90 is an east–west transcontinental freeway and the longest Interstate Highway in the United States at 3,020.44 miles.
• 5 miles from Lake Erie. Lake Erie attracts around 11 million visitors each year.
• Surrounding national retailers includes AutoZone, Circle K, KFC, Dominos and more.
• There are multiple schools within 2 miles of this Dollar General including: Geneva High School (659 Students), Geneva Middle School (670 Students), Spencer Platt Elementary (459 Students) and more.

• 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 four, 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 17,266 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

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Principal or Broker?