Dollar General

Dollar General

1351 Grandview Road
Lake Milton, OH

Price: $1,385,000
Cap: 6.50%
NOI: $89,988
Building Size: 9,100 SF
Lot Size: 1.33 AC

Investment Highlights

BRAND NEW RELOCATION STORE
• Brand New 9,100 SF Build to Suit Dollar General in Lake Milton, Ohio.
• This is a relocation store that is currently open with rent commencing in March 2020.
• A relocation store provides evidence that Lake Milton is a proven successful market for Dollar General.

ATTRACTIVE INTERSTATE LOCATION
• The subject property is well located on Grandview Road (2,691 VPD) just off I-76 (30,661 VPD) which connects Akron & Youngstown
• The 5 mile average HHI is nearly $75,000 which is superior to most Dollar General locations
• Lake Milton is part of the Youngstown MSA

WELL LOCATED BETWEEN AKRON & YOUNGSTOWN
• This store is located off I-76 approximately 30 miles East of Akron and 20 miles West of Youngstown and Warren
• Akron is the fifth-largest city in the state of Ohio and is the county seat of Summit County.
• Home to the University of Akron | 25,170+ students enrolled each year.
• Youngstown is the County Seat of Mahoning County and is the 9th largest city in Ohio with a population of 66,982.

LONG TERM CORPORATE ABSOLUTE NNN LEASE
• Brand new, 15-year corporate guaranteed lease with Dollar General
• Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure
• 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 and is BBB investment grade rated.
• There are currently over 15,839 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for over 80 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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?