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944 W Washington St, Nelsonville, OH, 45764

Dollar General

$1,743,132

Key Information

Cap Rate
7.25%
Tot. SF
10,542
Lot Size
2.42 Acres
Year Built
2023
Type
Retail
NOI
$126,377

Highlights

• 2023 build-to-suit upgraded plus-size construction for Dollar General with ± 12 years remaining on an initial 15-year absolute NNN lease.
• Nelsonville, OH is just 15 miles northwest of Athens, home to Ohio University (±30,000 students), and 52 miles southeast of Columbus, Ohio’s state capital and largest city, with over 2.2 million residents in the Columbus metro area.
• Strategically located at the roundabout connecting W Washington St. and John Lloyd Evans Memorial Dr., offering excellent visibility and convenient access, just ±0.5 miles from Exit 182 on US-33 (±13,781 VPD).
• Absolute NNN lease structure provides zero management responsibility, providing an investor with long-term passive income.
• Dollar General boasts an investment-grade credit rating of BBB (S&P).
• Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.
• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BRKP.2019005179, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113