BRAND NEW CONSTRUCTION STORE • Brand new 9,002 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 • 5-mile population is 342,555, which is superior to the usual Dollar General location.
PRIME METRO LOCATION • 2.4M SF of retail within 2-mile radius. • Nearby retailers include: ALDI, McDonald's, Walgreens, CVS and more. • Subject proeprty is 2.6 miles from I-77 (97,229 VPD) and 2.4 miles from I-490 (36,179 VPD).
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 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 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.