Dollar General - Orient, Ohio

6732 Lambert Road, Orient, OH

$1,508,746

Price

6.7%

Cap Rate

$101,085.96

NOI

Overview
Cap Rate
6.7%
NOI
$101,085.96
Building Size
9,002 sqft
Lot Area
2.19 acres
Lease Type
Triple Net
Year Built
2016
Price Per Sqft
$168.86
Tenancy
Single
Lease Expire Year
02/29/2032
Description

This Dollar General is located at the southwest corner of Interstate 71 and Highway 62 in Orient, Ohio. Traffic count average 47,690 vehicles daily on Interstate 71 and 11,266 on Highway 62. Nearby properties include B&B Industries, Inc., Sunoco Gas Station, Eitel’s Towing & Transportation, and The Boom Store. Dollar General is under two miles from Harrisburg with the Harrisburg Library, VFW Post, the U.S. Postal Service, Harrisburg United Methodist Church, the Community Center, Amy’s Pizza, and Auto Plus Automotive Service Center. Additional traffic generators include Pickaway Correctional Institution and Reception Center two miles south of the property. Dollar General is less than five miles southwest of the Buckeye Grove Shopping Center area with Kroger, Dollar Tree, KeyBank, McDonald’s, Subway, CVS Pharmacy, Taco Bell, Orange Theory Fitness, Meijer, the Grove City Industrial Park, and more.

Highlights
  • 13 years remain on NNN lease, with three 5-year renewal options each with 10% increase.
  • The tenant on the lease is Dolgen Midwest, LLC, with a guaranty by Dollar General Corporation.
  • Dollar General is a fast-growing retailer that boasts roughly 14,500 discount stores in over 45 US states.
  • Dollar General Corp. reports revenues of $25 billion and Net Worth of $6.42 billion (2019).
  • Dollar General Corp. is an investment Grade Tenant with S&P Credit Rating of BBB.
  • Strong traffic counts just north of the property on Interstate 71 with 47,690 vehicles daily.
  • 5-Mile population of 32,456, and average household income of $85,350.
Documents
Title
Dollar_General_Orient__OH_MP_2019.pdf
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Location
Gallery