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29776146
29776147

Tipp City, Cortland, & Lima, OH, Cortland, OH 44410

JL
FL SL3510801
Matthews
AD
FL SL3579687 (FL)
Matthews
Listed by Matthews
$3,890,343
107 days on market
Updated 69 days ago

3-Unit Dollar General Portfolio

Details
Property Type Retail
Sub Type Discount Store, Dollar Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.25%
NOI $282,050
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Remaining Term 8
Rent Bumps Yes
Lease Options 3 x 5-Years
Year Built 2018
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Tipp City, Cortland, & Lima, OH | Absolute NNN

Marketing description

Investment highlights

Portfolio Highlights

  • Investment Grade Tenant: The leases are corporately guaranteed by Dollar General Corporation (NYSE: DG), a publicly traded company with an investment-grade credit rating of BBB from Standard & Poor’s, providing investors with durable income supported by a nationally recognized retailer.

  • NNN Lease: The properties are subject to a triple-net (NNN) leases, with Dollar General responsible for taxes, insurance, and maintenance, resulting in a true passive ownership structure with no landlord obligations.

  • 2018 Build-to-Suit: The stores were developed in 2018, offering investors the advantage of newer construction 9,100 SF store models.

  • Large Market Cap: Dollar General maintains a market capitalization of approximately $30 billion, reflecting a well-established, scaled retail platform with consistent earnings performance and reduced volatility relative to smaller-cap peers.

  • Extensive National Footprint: Dollar General operates approximately 21,000 stores across 48 states, demonstrating a dominant presence in rural and suburban markets and a competitive advantage driven by national scale and deep market penetration.

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
$282,050.00
$23,504.17/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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