Dollar General | Cortland, OH

Highlights:

• The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), which is the largest U.S. retailer with over 20,500 locations and an investment grade credit rating of BBB (S&P).
• The lease structure is triple net (NNN), with zero landlord responsibilities.
• There are ten (10.5) years remaining on the lease term, plus five (5), five (5) year options.
• The lease provides for 10% rental increases at each option period.
• Dollar General was built in 2020 and is located on an oversized 4.303-acre lot.
• The average household income in the three (3) mile demographic ring is $93,083.
• There are 46,656 residents located in the five (5) mile demographic ring, and 124,570 residents located in the ten (10) mile demographic ring.
• The subject property is located just 0.8 miles (3 minutes) from Mosquito Lake, which spans approximately 7,850 acres, making it one of the largest lakes in Ohio. The area offers a variety of recreational activities, including boating, fishing, hiking, and camping, attracting more than 2 million visitors each year.
• Cortland has been recognized as one of the most charming small cities in Ohio and one of the safest cities in the state.
• The subject property is located just 49 miles (55 minutes) from Akron, OH, 57 miles (65 minutes) from Cleveland, OH, and 86 miles (90 minutes) from Pittsburgh, PA.

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