NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Northwood (Toledo), OH • This store is 9,100 SF with upgraded construction that is delivering in October 2021.
INTERSTATE LOCATION • This Dollar General is well located just off I-75 (82,333 VPD) which runs through the heart of downtown Toledo. • The 5-Mile population is 153,124 which is superior to most Dollar Generals. • Nearby national retailers include Meijer, Menards, McDonalds, O’Reilly, Arby’s, KFC, and more • Conveniently located minutes away from The University of Toledo (17,000 students), Downtown Toledo, Toledo Executive Airport and Hollywood Casino Toledo.
TOLEDO • Toledo is the 4th most-populous city in OH and 79th-largest city in the U.S. • Toledo is the county seat of Lucas County, OH and a major Midwestern port city • Toledo has become well known for its industry in auto assembly and glass (hence the nickname “The Glass City”). • The University of Toledo offers over 250 academic programs to its 17,000+ students and is ranked among the top 100 public universities • Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year
NEW 15 YEAR CORPORATE NNN LEASE • 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.
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 billions.