Dry Ridge, KY - Dollar General

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a brand-new, absolute NNN leased Dollar General property located in Dry Ridge, Kentucky, within the Cincinnati MSA. The tenant, Dollar General Partners, a wholly owned entity of Dollar General Corporation (NYSE: DG), recently executed a 15-year lease with five (5-year) renewal options, demonstrating a strong, long-term commitment to the location. The lease includes scheduled 5% rent increases every five years throughout the initial term and option periods, ensuring consistent NOI growth and a hedge against inflation. With an absolute NNN lease structure, the tenant is responsible for all expenses including taxes, insurance, and maintenance, creating an ideal, management-free investment opportunity for passive or out-of-state investors.

This newly constructed 2025 asset is situated along Dixie Highway/US Highway 25 (6,100 VPD) and less than half a mile from Interstate 75 (54,600 VPD), a major regional thoroughfare connecting Lexington and Cincinnati. The property is located in Dry Ridge and benefits from proximity to key community anchors including the City Clerk,
Grant County Middle and High Schools, and a strong national retail presence with Walmart, Harbor Freight, and McDonald’s locations nearby. Dry Ridge is located within the Cincinnati Metropolitan Statistical Area, one of the Midwest’s largest and most economically diverse markets with over 2.2 million residents. The city is positioned on the southern edge of the metro area, capturing demand from both urban spillover and growing rural communities. The 3-mile trade area boasts an average household income exceeding $95,000, supporting long-term viability for essential retail. The area is also experiencing strong in-migration and residential development as families and retirees seek affordability and accessibility, further driving daily demand and retail performance.