Dollar General

Dollar General

185 Cleveland St.
Elyria (Cleveland MSA), OH

Price: $1,772,000
Cap: 6.25%
NOI: $110,689
Building Size: 9,002 SF
Lot Size: 1.02 AC

Investment Highlights

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
• B
rand 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.

Don McMinn
OFFERING MEMORANDUM

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