Dollar General Absolute NNN Sale

Description:

SVN Wilson is pleased to present Dollar General located in Scioto county for interested investors. This Dollar General store has been located in the same location since 2016 and was recently renovated, making it a sound investment.

The lease began November 17, 2016 and runs until November 30, 2031 for the rate of $7,309.33/ month for a total of $1,315,679.40. The lease includes the option for three successive five-year renewals. The monthly rent for the first renewal will be $8,040.27, which represents a cap rate of 6.87%. The second renewal will be $8,844.29 or 7.55% cap rate, and the third will be at $9,728.72 for a cap rate of $8.31%.

The property features an absolute NNN Lease, leaving zero landlord responsibilities, and making it a sound investment option. This Dollar General is strategically positioned on the SE corner of OH-348 and Pleasant Hill Road, which sees 4,640 cars per day.

With a 20-mile population from the site of 108,983 and an average household income of $48,843 per year, this location is ideal for a Dollar General. Additionally, the area is experiencing steady growth in population, which bodes well for the future of this investment opportunity.

Dollar General is a chain of discount variety stores that operate across the United States. The company was founded in 1939 by J.L. Turner and his son Cal Turner Sr. with the goal of providing high-quality products at affordable prices to customers in small towns and rural areas.

Dollar General stores typically offer a wide range of products, including household items, groceries, cleaning supplies, personal care products, and seasonal items. They are known for their low prices, and many customers appreciate the convenience and accessibility of shopping at Dollar General stores.

In recent years, Dollar General has expanded its offerings to include more fresh food and produce, as well as online shopping options. The company now operates over 17,000 stores in 46 states, making it one of the largest discount retailers in the country. Additionally, Dollar General often partners with community organizations to support local initiatives and give back to the communities it serves.

Dollar General has been competitive against its competition in several ways:

1. Low prices: Dollar General is known for its low prices, which attract customers who are looking for affordable options for household goods and groceries. By keeping its prices low, Dollar General is able to compete with larger retailers such as Walmart and Target, as well as smaller dollar store chains.

2. Convenient locations: Dollar General has a large and growing network of stores, with over 17,000 locations in 46 states. Many of these stores are located in rural or underserved areas where there may be few other options for shopping. By providing convenient locations for its customers, Dollar General is able to compete with larger retailers that may be located farther away.

3. Private label brands: Dollar General offers a range of private label brands that are exclusive to its stores. These brands often provide high-quality products at lower prices than national brands, which can be appealing to price-sensitive customers. By offering private label brands, Dollar General is able to compete with larger retailers that may have more established national brands.

4. Digital initiatives: In recent years, Dollar General has invested in digital initiatives such as e-commerce and mobile apps. These initiatives have helped the company to reach new customers and provide a more seamless shopping experience. By investing in digital technology, Dollar General is able to compete with larger retailers that have more established e-commerce platforms.

Overall, Dollar General's ability to offer low prices, convenient locations, private label brands, and digital initiatives have helped it to remain competitive against its competition. By focusing on the needs of its customers, Dollar General has been able to grow its business and continue to thrive in a competitive retail landscape.

Scioto County, located in the south central region of Ohio, offers a unique blend of rural and urban settings. From its stunning natural beauty to its wide array of amenities and attractions, this county along the Ohio River provides something for everyone.

Nature abounds here with numerous parks, trails and outdoor recreational opportunities to explore all year round. History buffs will love exploring the area's many historical sites including Portsmouth Historic District and Old Town Hall Museum. For those interested in shopping, dining or entertainment - there are plenty of great options available throughout Scioto County as well.

Scioto County also features a highly-regarded school system that has received much acclaim for their commitment to excellence. With top-notch education, diverse cultural attractions and abundant outdoor recreation - it's no wonder why so many people choose to call this area home!

OH-348 is a strong retail corridor with numerous national tenants such as Family Dollar, Walmart, Bob Evans, McDonalds, and more. Strategically for the tenant’s consumer base, this asset is nestled between numerous apartment complexes and college campuses.
The Scioto County and surrounding area also has many popular attractions, inlcuding:

1. Shawnee State Forest: This 63,000-acre forest is located just a few miles south of Lucasville and offers a variety of recreational activities, including hiking, camping, fishing, and hunting. The forest is home to several scenic overlooks, picnic areas, and a number of trails that range in difficulty from easy to challenging.

2. Serpent Mound: This ancient Native American earthwork is located about an hour's drive from Lucasville and is considered one of the most significant prehistoric sites in North America. The mound is shaped like a serpent and is believed to have been built by the Adena culture between 800 BCE and 100 CE.

3. Portsmouth Floodwall Murals: The city of Portsmouth, which is located about 10 miles from Lucasville, features a series of murals painted on the floodwall along the Ohio River. The murals depict the history of Portsmouth and its surrounding areas, including the Native American heritage, the industrial revolution, and the region's natural beauty.

4. Lake White State Park: This state park is located about 20 miles from Lucasville and features a 337-acre lake that is popular for boating, fishing, and swimming. The park also has several hiking trails, picnic areas, and a campground.

5. Scioto County Fair: This annual fair, which takes place in Lucasville in August, is a popular event that attracts visitors from all over the region. The fair features carnival rides, live music, agricultural exhibits, and a variety of food vendors.

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