Dollar General

Dollar General

1169 State Route 43
Mogadore (Akron MSA), OH

Price: $1,591,000
Cap: 6.25%
NOI: $99,393
Building Size: 9,026 SF
Lot Size: 1.90 Acres

Investment Highlights

BRAND NEW CONSTRUCTION STORE
• Brand new 9,026 SF build-to-suit Dollar General in Mogadore, OH.
• This store is currently under construction and scheduled for delivery in September 2019.

AKRON MSA
• Mogadore is a suburb in the Akron MSA and is less than 7 miles from Downtown Akron, which is the 5th largest city in Ohio.

• Two Fortune 500 Companies, Goodyear Tire and FirstEnergy, are headquartered in Akron.

• Akron is home to University of Akron (21,104 students) and Kent State University (35,529 students).
• Once known as the Rubber Capital of the World, Akron is now a world-renowned center for polymer research and development with 400 polymer-related companies in the area.

SUPERIOR LOCATION
• Well-located on US Hwy 43 (10,564 VPD) near US Hwy 224 (8,750 VPD).

• The 5-mile population for this location is 48,268 and average household income is $72,053.
• There is 2.6M SF of retail within a 5-mile radius.

LONG TERM CORPORATE 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 increase 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 15,000 locations in 45 states and 975 new locations expected to be opened this year.
• Dollar General has been in business for 79 years and has a current net worth of over $6B.

Don McMinn
OFFERING MEMORANDUM

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