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29775040
29775041

2015 N Cole St, Lima, OH 45801

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$1,252,537
126 days on market
Updated 88 days ago

Dollar General

Details
APN 36-2308-01-001.001
Property Type Retail
Sub Type Discount Store, Dollar Store
Square Footage 9,026
Net Rentable (SqFt) 9,026
Cap Rate 7.25%
NOI $90,809
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 11/30/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options 3, 5-Year Options
Price per SqFt $139
Broker Co-Op Yes
Year Built 2018
Buildings 1
Acreage 5.000
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/11/2018
Occupancy Date 11/11/2018
Ground Lease No
Ownership Fee Simple

Lima, 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.

NNN Lease: This Dollar General has a NNN lease, ensuring zero responsibilities for the landlord. Perfect for investors looking for passive ownership.

2018 Build-to-Suite: The Dollar General was developed in 2018, offering investors the advantage of newer construction, limited deferred maintenance, and minimal anticipated capital expenditures in the near term.

Large Market Cap: With a market cap near $30 billion, Dollar General represents a compelling mid-cap retail investment, combining stable earnings power with scalability across underserved markets. The valuation positions DG for continued shareholder value creation without the volatility often seen in smaller cap peers.

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.

Location Highlights

Synergistic Positioning: The asset is located near Lima’s primary big-box retail cluster, anchored by nationally recognized tenants including Walmart Supercenter, Meijer, Lowe’s Home Improvement, Menards, and multiple national restaurant operators. This concentration of retailers establishes the area as a regional shopping destination and drives repeat consumer visitation patterns.

Dense Residential Base: The property is surrounded by established residential neighborhoods that provide a consistent customer base for convenience and necessity-driven retail uses. Continued residential stability within the immediate trade area supports long-term sustainability and reliable foot traffic.

Accessible Infill Location: The site benefits from strong ingress and egress, established surrounding commercial development, and placement within a mature retail node. This infill positioning reduces development risk while supporting long-term retail performance.

Strong Traffic: The property benefits from proximity to U.S. Route 30, the primary east-west highway serving Lima, which carries approximately ±32,000 vehicles per day.

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
$90,809.00
$7,567.42/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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