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.