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Dollar General | Double Net (NN) Lease Investment

$475,000

759 South Washington Street, Millersburg, OH 44654

Active
Last Updated: 09/03/2021

7.58

Cap Rate

36,000

NOI

Details:
Cap Rate:    7.58%
NOI:    $36,000
Building Size:    7,172 sqft
Lot Area:    0.78 acres
Lease Type:    Double Net
Year Built:    1992
Price Per Sqft:    $66.23
Highlights:
  • Corporate Guarantee From Dollar General (NYSE:DG) :BBB Credit Rating
  • 2 x 3 Year Renewals Remaining on Current Lease
  • Minimal Landlord Responsibilities
  • As of February 1, 2021, Dollar General Operates Over 17,147 Stores in 46 States With Plans to Execute 2,600 New Real Estate Projects
  • Dollar General Has Been Operating on This Site Since1992– Showing Commitment to Location
  • Located Along Highway 62 Which Sees 11,956 VPD
  • A Positive Population Growth is Predicted For the Surrounding 3-Mile Radius By 2025
  • Highly Visible and Accessible - Large Signage and Ingress/Egress
  • Just 4 Minutes to Pomerene Hospital - One Of the Largest Employers in Holmes County With More Than 325 Employees and 80 Physicians Including 55 Licensed Beds
  • Historic Downtown Millersburg Resides in the Heart of Amish Country and Serves as the County Seat of Holmes County Which Contains the Largest Amish Concentration in the World
  • Over 32,489 People Live Within a 10-Mile Radius Making an Average Household of $76,870
  • Nearby Tenants Include: Napa Auto Parts, AutoZone, Holiday Inn Express, Comfort Inn, Goodwill , Dairy Queen, McDonald’s, Tractor Supply Co. , Taco Bell, Pizza Hut, Walmart Supercenter and More
Description:

Sands Investment Group is Pleased To Exclusively Offer For Sale the 7,172 SF Dollar General Located Directly on S Washington Street in Millersburg, OH. This Opportunity Includes a Corporate Guarantee From Dollar General (NYSE:DG): BBB Credit Rating With Approximately 2 Years Remaining on Its Lease. Dollar General Has Been in Place Since 1992 Showing Commitment at This Location and Has Two 3 Year Option Terms That Extend Past Its Original Lease Term.

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