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.