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24938395
24938396

697 S Arlington St, Akron, OH 44306

SS
MI MI 6502426558
Exclusive Realty
Listed by Exclusive Realty
$1,342,676
23 days on market
Updated 23 days ago

Dollar General, OH

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 7,489
Cap Rate 7.25%
NOI $97,344
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 4 (5) Year Options
Year Built 2016
Buildings 1
Stories 1
Acreage 0.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 7.25% CAP | 7,489 SqFt

Marketing description

Exclusive Realty is pleased to present an exceptional opportunity to acquire an absolute NNN-leased Dollar General property located in Akron, Ohio. This investment offers a long-term, passive income stream backed by a corporateguaranteed lease from Dollar General, an investment-grade tenant (S&P: BBB). The property features approximately 6 years remaining on the lease term, with no landlord responsibilities, making it ideal for investors seeking reliable, maintenance-free cash flow. The property is strategically situated along a hightraffic corridor in a dense residential and commercial area of Akron, just minutes from downtown and major roadways. Its prominent location provides excellent visibility and accessibility, ensuring consistent customer traffic. This offering represents a secure, low-risk addition to any investment portfolio.

Investment highlights

  • 7,489 SF modern building

  • Constructed in 2016 with a contemporary design and construction

  • Absolute NNN Lease - Zero Landlord Responsibilities; tenant handles all expenses including taxes, insurance and maintenance

  • Strong customer base with high foot traffic in the area

  • Easy access to major roadways and public transportation

  • Long-term lease with stable, creditworthy tenant

  • Low maintenance, fully operational retail space

  • Densely populated area with over 83K Residents within a 3-mile radius with positive growth

  • Average household income of $63k+ within a 5-mile radius

Listing Contacts

SS
MI MI 6502426558
Exclusive Realty
Listed by Exclusive Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,344.00
$8,112.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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