Listed by Matthews
$1,213,804
DOLLAR GENERAL (NNN) | Pierpont, OH
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.65%
NOI $92,856
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Store
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options Three, 5-Year
Year Built 2020
Acreage 1.480
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
2020 BTS Construction | 7.65% Cap Rate | ±8.5 Years Remaining
Investment highlights
- 2020 Build-to-Suit: Construction for Dollar General with ± 8.5 years remaining on an initial 15-year absolute NNN lease.
- Attractive Return: 7.65% return on a stabilized investment-grade credit tenant.
- Tourist Proximity: Close to Pymatuning State Park and Pineview Campgrounds, generating consistent consumer traffic and supporting surrounding retail demand.
- Strategic Location: Pierpont, OH, is located 17 miles southeast of Ashtabula, OH, and 35 miles southwest of Erie, PA.
- Minimal Competition: The nearest national dollar-store competitor is 10+ miles away, allowing Dollar General to maintain a dominant position within the local market.
- Investment-Grade Credit: Dollar General boasts an investment-grade credit rating of BBB (S&P).
- National Expansion: Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
- Essential Retailer: Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
- Strong Market Cap: Dollar General has a market cap of ±$23 billion.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,856.00
$7,738.00/mo
Valuation Metrics
0
DSCR
7.65%
Cap Rate
7.65%
ROI
Map
Zoning
CO CommercialGeneral CommercialCommercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 27 uses
View all 27 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
