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Benjamin Schultz

Dollar Store Propeties

Office Phone: 248.254.3409

Cell Phone: 734.790.0808

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Published on: Tuesday, September 26, 2017 7:17:37 PM
Updated on: Tuesday, September 26, 2017 8:01:19 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Ohio-91405

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2016

 

Building Size: 9,100 SqFt

Lot Size: 1 Acre

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: This Dollar General is highly visible and it is strategically positioned on Main St in Lucas. The ten mile population from the site exceeds 97,000 while the three mile median household income exceeds $52,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dol-lar General.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6.6

Commission Split (%): 0

Complete Details


Year Build: 2016

Building Size: 9,100 SqFt.

No of Stories: 0

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


LoudLister Net Lease is pleased to present this 9,100 SF Dollar General store located in Lucas, OH. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaran-teed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The rent commenced on 6/26/2016. This Dollar General is highly visible and it is strategically positioned on Main St in Lucas. The ten mile population from the site exceeds 97,000 while the three mile median household income exceeds $52,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dol-lar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.60% cap rate based on NOI of $84,204.

Additional Properties


Property Tenants
  • Dolgencorp, LLC
Property Highlights
  • Brand New Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 15 Year Term | Four (5 Year) Options
  • Three Mile Household Income $52,097
  • Ten Mile Population Exceeds 97,411
  • 14 Years Left on Term
  • Only Investment Grade Dollar Store

Attached Documents


 Download | Dollar General - OH - Lucas.pdf ( 5,096.76KB)

 Download | Dollar General - OH - Lucas.pdf ( 5,096.76KB)

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