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29774739
29774740

6229 OH-46, Cortland, OH 44410

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$1,316,979
117 days on market
Updated 79 days ago

Dollar General

Details
APN 35-089505
Property Type Retail
Sub Type Discount Store, Dollar Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.25%
NOI $95,481
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options 3, 5-Year Options
Price per SqFt $145
Year Built 2018
Buildings 1
Acreage 0.980
Zoning B2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/31/2018
Occupancy Date 10/31/2018
Ground Lease No
Ownership Fee Simple

Cortland, OH | Dollar General | Absolute NNN

Marketing description

Part of a 3-Unit Portfolio: https://www.crexi.com/properties/2355352/ohio-3-unit-dollar-general-portfolio

Available together or Individually

Investment highlights

Property Highlights

Investment Grade Tenant: This lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), a publicly traded corporation that has an excellent credit rating of BBB from Standard & Poor’s.

Long Term NNN Lease: This Dollar General has a NNN lease with ~8 years remaining on the base term, ensuring zero responsibilities for the landlord. Perfect for investors looking for passive ownership.

2018 Build-to-Suit: The Dollar General was developed in 2018, offering investors the advantage of newer construction 9,100 SF store model.

Large Market Cap: With a market capitalization exceeding $30 billion, Dollar General demonstrates substantial corporate scale and financial depth, supporting its long-term lease obligations. The company’s size, profitability, and access to capital enhance credit durability and reduce tenant risk over the remaining lease term.

Extensive National Footprint: Dollar General operates over ~21,000 stores across 48 states, providing unmatched reach in rural and suburban markets and a strong competitive advantage through scale and customer penetration.

Recession-Resilient Discount Retailer: Dollar General’s value-oriented model benefits from consumer trade-down behavior during economic slowdowns. Historically strong performance in inflationary and recessionary environments reinforces the long-term stability of the tenant and lease income.

Location Highlights

Primary Corridor Positioning: The property is located along State Route 46, one of Cortland’s primary commercial corridors serving the greater Youngstown-Warren- Boardman MSA (600,000+ population). The corridor is lined with national and regional retailers and benefits from strong surrounding residential density, schools, and daily-needs service businesses that help drive consistent local traffic

Established Convenience Retail Node: The property is occupied by Dollar General and features integrated service-based retail uses such as package pickup and shipping services, supporting frequent consumer visits and reinforcing the site’s role as a neighborhood shopping destination.

Excellent Visibility & Accessibility: Located along State Route 46, the property benefits from strong frontage, prominent signage opportunities, and convenient ingress/egress. The corridor experiences steady commuter and local traffic volumes, providing retailers with sustained exposure and customer accessibility.

Listing Contacts

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,481.00
$7,956.75/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
950 Main Ave., Suite 510, Cleveland, OH 44113
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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