BRAND NEW CONSTRUCTION STORE • Brand new 7,489 SF build-to-suit Dollar General in Cleveland, OH. • This store is currently under construction and scheduled for delivery in June 2019.
CLEVELAND MSA • Cleveland has a population of 388,072, making it the 2nd largest city in Ohio and the 51st largest city in the United States. Cleveland is also the county seat of Cuyahoga County. • Cleveland is a manufacturing center due to its location on the southern shore of Lake Erie and connects many canals and railroad lines. Cleveland's other economic drivers include financial services, healthcare and biomedicals. • Cleveland is home to the Rock and Roll Hall of Fame and the Playhouse Square Center, which is the 2nd largest performing arts center in the United States.
ATTRACTIVE DEMOGRAPHICS • Superior Demographics for a Dollar General location. • 5-mile Population is 357,395 and Average Household Income is $59,787.
PRIME METRO LOCATION • Subject property is located 0.5 miles south of I-71 (85,243 VPD) and 1.4 miles north of I-480 (117,518 VPD). • Subject property is well-located 3.0 miles from a primary retail corridor, housing a Walmart, Home Depot, ALDI, and other national retailers. • Subject property is located 5.0 miles northeast of Cleveland-Hopkins International Airport.
LONG TERM CORPORATE NNN LEASE • The subject property has a 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 five, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and currently holds an investment grade credit rating of BBB with S&P. • 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.