BRAND NEW UPGRADED CONSTRUCTION STORE • Brand New 9,026 SF BuildtoSuitDollarGeneralin Willoughby (Cleveland MSA), OH. • This store has upgraded construction and is scheduled for delivery October 2018.
ATTRACTIVE DEMOGRAPHICS • The 5-Mile average population is 112,444 and the average household income is $74,608 which is superior from typical Dollar General locations.
CLEVELAND MSA • Cleveland is the county seat of Cuyahoga County, the most populous county in the state of Ohio and is part of the larger Cleveland-Akron Canton CSA, whichhasapopulationinexcessof3,500,000people,andrankedasthe country’s 15thlargestCSA. • Manylargepubliccorporations areheadquarteredin Cleveland including Applied Industrial Technologies, Progressive Insurance, Parker Hannifin, Cliffs Natural Resources, Sherwin-Williams, TravelCenters of America, and KeyCorp. • There are two dozen four-year universities and colleges located within forty miles of Cleveland. Over 170,000 students are currently enrolled in area four-year institutions, the biggest of which are Kent State, University of Akron, ClevelandStateUniversity, and Youngstown State University. • Cleveland is home to the Rock and Roll Hall of Fame and attracted over 18 million tourists last year. • Cleveland’s current major professional sports teams include the Cleveland Indians, Cleveland Browns, and the Cleveland Cavaliers
LONG TERM CORPORATE NNN LEASE • The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. • The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof and structure. • There are 10-percent 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 is opening 900 locations this year. • Dollar General has been in business for 79 years and has a net worth of over $6.1 B.