BRAND NEW UPGRADED CONSTRUCTION STORE • Brand new 9,002 SF build-to-suit Dollar General in Elyria, OH. • This store features upgraded construction and is scheduled for delivery in October 2019.
SUPERIOR DEMOGRAPHICS • The 5-mile population is 105,545, which is superior to the typical Dollar General location.
CLEVELAND MSA • Subject property is located in Elyria, which is an attractive Cleveland suburb 22 miles southwest and part of the Cleveland MSA. • Cleveland has a population of 396,698, making it the 2nd largest city in Ohio and the 51st largest city in the U.S. • Cleveland is also the county seat of Cuyahoga County.
ATTRACTIVE RETAIL LOCATION • Subject property is located near downtown Elyria and is surrounded by 3.9M SF of retail within a 2-mile radius. • Surrounding national retailers include: Home Depot, McDonald's, Taco Bell, Walgreens and more. • Less than 1 mile from I-80 (53,175 VPD) and Hwy 20 (31,024 VPD). • Elyria is the county seat for Lorain County and the home for Lorain County Community College (12,274 students).
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 five, 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 15,500 locations nationwide with 975 new locations expected to be opened in 2019. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.