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15159 US-68, Mount Orab, OH, 45154

DOLLAR GENERAL
$1,803,030

Key Information

Cap Rate
6.6%
Tot. SF
10,640
Year Built
2023
Term Remaining
±13.25 YRS
Type
Retail

Highlights

Lease & Location:

  • 2023 build-to-suit construction for Dollar General
  • 15-year absolute NNN lease (commencement of October 2023)
  • 5% rental increases every 5-years for the life of the lease
  • Larger Dollar General PLUS prototype (10,640 SF building)
  • Zero landlord management responsibilities
  • Average household income of $101,398 (considered to be Dollar General’s “sweet-spot”)
  • Mt Orab is located in Southeastern Ohio roughly 35-miles East of Cincinnati

Tenant:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • Dollar General has a market cap of ±25 billion

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113