• Above-Average Dollar General Location Profile — Unlike many Dollar General assets located in smaller rural trade areas, this property is positioned within the Toledo MSA along the Airport Highway retail corridor, with nearly 96,000 residents and average household income above $100,000 within 5 miles.
• Part of the Toledo MSA — Located in Holland, OH, a key suburb of Toledo, offering the stability of a major metropolitan area with the benefits of a close-knit community.
• Prime Retail Trade Area — Situated along the Airport Highway (SR-2) corridor, a dominant retail artery featuring major national anchors like Kroger, Menards, Walmart, and Target.
• Investment Grade Credit — Leased to Dollar General Corporation, a top-tier national retailer with an S&P rating of BBB and annual revenue exceeding $42.72 Billion.
• Long-Term NNN Lease — Features a new 15-year initial term with zero landlord responsibilities, providing a true “passive” investment.
• Scheduled Rent Increases — The lease includes 5% rental increases every 5 years throughout the initial term and all five, 5-year option periods, providing scheduled NOI growth throughout the lease term and option periods.
• Corporate Guarantee — The lease is backed by the full corporate strength of Dollar General Corporation.
• Robust Traffic Counts — The location benefits from high visibility with combined traffic counts of over 20,400+ AADT at the nearby intersection of Airport Hwy and Apple Blossom Dr.
• Strong Income Levels — The 5-mile average household income is over $100,000, supporting consistent consumer spending.