Dollar General | New 15-Year Absolute NNN | 1301 N Main St
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Dollar General | New 15-Year Absolute NNN 1301 N Main St
9,100 SF Retail Building Urbana, OH 43078 £1,598,878 (£176/SF) 6.65% Net Initial Yield
Investment Highlights
- Brand New 2024 Construction
- Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
- Traffic Counts Exceed 11,500 Vehicles Per Day
- New 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
- Excellent Visibility & Access on North Main Street
- Minutes from Downtown Urbana, 45 Miles to Downtown Columbus, and 39 Miles to Downtown Dayton, OH
Executive Summary
The subject property is a newly constructed freestanding Dollar General located in Urbana (Outside Columbus), OH. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on North Main Street, a major thoroughfare through Urbana which boasts over 11,500 vehicles per day. This Dollar General is just minutes from downtown Urbana, OH, 45 miles to downtown Columbus, and 39 miles to downtown Dayton, OH.
National retailers in the immediate vicinity include Dairy Queen, Speedway Gas Station, USPS, White’s Ford Dealership, Dunkin’ Donuts, Kroger, Walmart, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
This location benefits from its excellent visibility and frontage on North Main Street, a major thoroughfare through Urbana which boasts over 11,500 vehicles per day. This Dollar General is just minutes from downtown Urbana, OH, 45 miles to downtown Columbus, and 39 miles to downtown Dayton, OH.
National retailers in the immediate vicinity include Dairy Queen, Speedway Gas Station, USPS, White’s Ford Dealership, Dunkin’ Donuts, Kroger, Walmart, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2024
Price
£1,598,878
Price Per SF
£176
Net Initial Yield
6.65%
NOI
£106,325
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.52 AC
PROPERTY TAXES
| Parcel Number | I49-25-12-03-36-001-00 | Improvements Assessment | £0 |
| Land Assessment | £15,573 | Total Assessment | £15,573 |
PROPERTY TAXES
Parcel Number
I49-25-12-03-36-001-00
Land Assessment
£15,573
Improvements Assessment
£0
Total Assessment
£15,573
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Dollar General | New 15-Year Absolute NNN | 1301 N Main St
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