Dollar General

Dollar General

1530 Lockbourne Road
Columbus, OH

Price: $1,988,000
Cap: 5.60%
NOI: $111,326
Building Size: 9,002 SF
Lot Size: 1.9 AC

Investment Highlights

2022 FULL BRICK CONSTRUCTION DOLLAR GENERAL
• New 9,002 SF upgraded construction Dollar General located in Columbus, OH.
• This store is full brick construction with a corner entry.
• The store delivered in October 2022.

5 MILE POPULATION: 275,854 WITH 11.40% GROWTH
• The subject property is located 3 miles from downtown Columbus in a dense residential pocket with 275,854 people in a 5 mile radius and 11.40% Growth.
• Located at the signalized hard corner on Lockbourne Rd (8,456 VPD) only 2 miles from Interstate 70 (103,413 VPD)
• This Dollar General is directly across the street from a CVS. Other nearby national retail includes Kroger, Chase Bank, AutoZone, McDonalds and more.

COLUMBUS
• Columbus is the state capital and the most populous city in in the state of OH with a metropolitan area of over 2 million.
• The city has a diverse economy based on education, government, insurance, banking, defense, aviation, food, clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology.
• As of 2022, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, L Brands, Nationwide, Alliance Data, and Huntington Bancshares.
• Columbus is the home of two public colleges: Ohio State University (53,189 Students), one of the largest college campuses in the United States, and Columbus State Community College (27,109 Students).
• Home to John Columbus International Airport that supports nearly 6 million passengers per year.
• According to the Federal Reserve Bank of St Louis, the GDP of Columbus in 2020 was $137 billion

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, parking lot, roof and structure.
• There are 10% rent increases in each of the Four, 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 18,600 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Don McMinn
OFFERING MEMORANDUM

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