Dollar General

Dollar General

1901 Dorr Street
Toledo, OH

Price: $2,155,000
Cap: 4.80%
NOI: $103,436
Building Size: 7,500 SF
Lot Size: 0.71 AC

Investment Highlights

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL
• Brand new upgraded construction Dollar General located in Toledo, OH.
• This store is scheduled for Delivery in July 2022.

5 MILE POPULATION: 250,358
• The subject property is located in downtown Toledo and has 250,353 people in a 5 mile radius.
• This Dollar General is located at the signalized intersection of Dorr St and Upton Ave (Combined 25,413 VPD).
• Retailers in the area include Costco Wholesale, The Home Depot, Kroger, Best Buy and more.

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”).
• Home to the Detroit Tigers’ triple-A professional baseball affiliate, bringing in around 540,000 visitors per year.

THE UNIVERSITY OF TOLEDO
• The University of Toledo is less than 1 mile away from this Dollar General on Dorr St. (17,450 VPD).
• The University of Toledo has 20,381 Students and 1,069 faculty members.
• Since its establishment, the university has physically expanded to include more than 100 major buildings with a combined area of more 1,400 acres.
• The University of Toledo offers over 250 academic programs and is ranked among the top 100 public universities.

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 18,200 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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