

Dollar General - Alger, OH
New Construction | 15 Years | Absolute NNN
Investment highlights
● Offered at $1,925,214, this investment delivers an attractive 6.75% cap rate, providing investors with stable and predictable income backed by a nationally recognized tenant.
● Long-Term Lease Security- The property is secured by a brand-new 15-year lease with Dollar General, featuring 5.00% rental increases every five years. In addition, the lease includes five (5) separate 5-year renewal options, offering long-term income durability and built-in growth.
● New Construction, Passive Ownership - Scheduled for delivery in June 2026, this is a built-to-suit development specifically designed for Dollar General’s latest prototype. The asset is subject to an absolute NNN lease, eliminating landlord responsibilities entirely and making it an ideal, management-free investment.
● Modern Store Prototype - The ±10,640 square foot building reflects Dollar General’s current specifications, offering expanded space for consumable goods. This larger format is typically associated with stronger store performance, higher sales volumes, and improved operating margins.
● Creditworthy Tenant - The lease is backed by Dollar General Corporation, a Fortune 500 company with a BBB credit rating from S&P and an approximate $28 billion market capitalization. This strong corporate guaranty provides confidence in long-term rent reliability.
● Strong Local Demographics - The property benefits from a solid local consumer base, with over 20,301 residents within a 10-mile radius and an average household income exceeding $95,669, supporting consistent retail demand.
● Nearby University Influence - Located just 4 miles south of Ohio Northern University in Ada, the property benefits from the presence of more than 3,140 students, along with faculty and visitors, all contributing to steady traffic along the SR-235 corridor.
● Regional Draw - Hardin County serves as a key regional hub, attracting a population of more than 820,000 people within a 45-minute drive. This central positioning enhances the property’s accessibility and long-term viability within northwest Ohio.
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