Dollar General (Relo) | Top 5% in the Country

Dollar General (Relo) | Top 5% in the Country

475 Home Street
Georgetown (Cincinnati MSA), OH

Price: $1,169,000
Cap: 8.25%
NOI: $96,364
Building Size: 10,566
Lot Size: 1.50 AC

Investment Highlights

LOW RENT & PRICE POINT RELOCATION DOLLAR GENERAL
• This Dollar General is a relocation and expansion of a previous Dollar General in this market showing their
commitment and confidence to this location.
 
TOP PERFORMING LOCATION | TOP 5% IN THE COUNTRY
• This Dollar General is a relocation and expansion of a previous Dollar General in this market showing their commitment and confidence to this location.
 
CINCINNATI MSA | 3RD LARGEST CITY IN OHIO
• The subject property is located 36 miles southeast of downtown Cincinnati and is a part of the MSA.
• The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest.
• Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest
• Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer.
• The city’s largest institution of higher education, the University of Cincinnati is now ranked as one of the 50 largest in the United States with nearly 50,000 students.
 
GEORGETOWN, OH | COUNTY SEAT OF BROWN COUNTY
• Georgetown is the county seat of Brown County and benefits from government jobs and funding.
• National retailers located in Georgetown include Tractor Supply, Taco Bell, McDonalds, CVS, AutoZone, and more.
 
CORPORATE NNN LEASE GUARANTEED BY AN INVESTMENT GRADE TENANT (S&P:BBB)
• Dollar General signed a 15 year corporate guaranteed NNN lease in 2015. There are 5.75 years remaining on the primary lease term.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Four, 5-year option periods.
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Don McMinn
Andrew Koriwchak
OFFERING MEMORANDUM

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