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33192754
33192756

3355 Liberty Avenue, Vermilion, OH 44089

CN
CA 01839132
Matthews
MW
OH SAL.2021006798
Matthews
Listed by Matthews
$2,202,400
5 days on market
Updated 5 days ago

Dollar General

Details
Property Type Retail
Square Footage 10,640
Cap Rate 6.50%
NOI $143,155
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 15
Price per SqFt $207
Year Built 2026
Acreage 1.410
Ground Lease No

Brand New Dollar General - 15-Year Absolute NNN Investment

Investment highlights

• Brand New 2026 Build-to-Suit Construction: This ±10,640 SF building features Dollar General’s latest prototype design, specifically tailored for this location.

• Absolute NNN Lease: The lease offers a truly passive investment with zero landlord responsibilities, as the tenant is responsible for all taxes, insurance, and maintenance.

• Long-Term Lease Security: A fresh 15-year initial lease term provides long-term stability, with an expiration date set for June 30, 2040.

• Scheduled Rent Increases: The lease includes 5% rent increases every five years throughout the initial term and 5% increases in each of the five (5) successive 5-year renewal options.

• Investment Grade Corporate Guaranty: The lease is fully guaranteed by Dollar General Corporation (NYSE: DG), a Fortune 100 company with a BBB credit rating from S&P Global.

• Inflation-Resistant Discount Retailer – Dollar General is well-positioned during periods of consumer budget pressure as shoppers increasingly prioritize value-oriented retailers and everyday essentials.

• Prime Retail Corridor & High Visibility: The site is strategically located on Liberty Avenue (US Route 6), the primary thoroughfare through Vermilion.

• Strong Traffic Counts: The location benefits from significant exposure with approximately 14,891 vehicles per day along Liberty Avenue / US-6.

• Cleveland MSA Location: Strategically positioned in Northeast Ohio, the site offers easy access to Cleveland Hopkins International Airport and the major employment and cultural centers of downtown Cleveland.

• Affluent Cleveland MSA Demographics – Strong surrounding demographics with $100K+ average household income within a 5-mile radius.

Listing Contacts

CN
CA 01839132
Matthews
MW
OH SAL.2021006798
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,154.60
$11,929.55/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
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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