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DOLLAR GENERAL MARKET | 15YR NNN W/ INCREASES 101 N Main St

12,480 SF Retail Building Grover Hill, OH 45849 £1,663,116 (£133/SF) 7.15% Net Initial Yield

Investment Highlights

  • 15-Year Absolute Net Lease (Zero Landlord Obligations) Featuring 5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
  • This new Concept Offers Fresh Food Options including Fruits and Vegetables, Home Goods, Apparel and more.
  • Features Easy Access and Excellent Visibility along the City’s Main Road - Hard Corner Location. Limited Competition.
  • Brand New 2024 High Quality Construction. Dollar General Market is a Larger Format Store with Expanded Grocery Offerings.
  • Ranked #108 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating “BBB” by S&P’s & Annual Revenue of $37B+.

Executive Summary

Dollar General Market | 15 Year Absolute Net Lease w/ Rent Increases | Larger Format Store Concept | Brand New 2024 Construction | Hard Corner Location | Limited Competition | Amazon Resistant Investment Grade Retail Concept
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. # BRK.2007005898 | Michael.Glass@MarcusMillichap.com

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2024
Price
£1,663,116
Price Per SF
£133
Net Initial Yield
7.15%
NOI
£118,913
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
1.30 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Popshelf
  • Retailer
  • 12,480 SF
  • -
  • NNN
  • Feb 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Popshelf Retailer 12,480 SF - NNN Feb 2039

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 26-08S-027-00
  • 26-08S-016-00
  • 26-08S-015-00
 Improvements Assessment £5,508
Land Assessment £2,559 Total Assessment £8,067

PROPERTY TAXES

Parcel Numbers
Multiple
  • 26-08S-027-00
  • 26-08S-016-00
  • 26-08S-015-00
Land Assessment
£2,559
Improvements Assessment
£5,508
Total Assessment
£8,067
(858) 373-3184

Contacts

  • Listing ID: 30822405

  • Date on Market: 30/01/2024

  • Last Updated:

  • Address: 101 N Main St, Grover Hill, OH 45849

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DOLLAR GENERAL MARKET | 15YR NNN W/ INCREASES | 101 N Main St
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Alvin Mansour

(858) 373-3184

(858) 373-3184

Jon Talia

(858) 373-3186

(858) 373-3186

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