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34311987
34311988

1730 Apple Blossom Drive, Holland, OH 43528 For Sale

CN
CA 01839132
Matthews
Listed by Matthews
$2,276,500
8 days on market
Updated 7 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,542
Cap Rate 6.50%
NOI $147,974
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Price per SqFt $216
Year Built 2026
Acreage 1.410
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No

Brand-New Dollar General NNN in Toledo's Most Affluent Suburban Corridor

Investment highlights

• Above-Average Dollar General Location Profile — Unlike many Dollar General assets located in smaller rural trade areas, this property is positioned within the Toledo MSA along the Airport Highway retail corridor, with nearly 96,000 residents and average household income above $100,000 within 5 miles.

• Part of the Toledo MSA — Located in Holland, OH, a key suburb of Toledo, offering the stability of a major metropolitan area with the benefits of a close-knit community.

• Prime Retail Trade Area — Situated along the Airport Highway (SR-2) corridor, a dominant retail artery featuring major national anchors like Kroger, Menards, Walmart, and Target.

• Investment Grade Credit — Leased to Dollar General Corporation, a top-tier national retailer with an S&P rating of BBB and annual revenue exceeding $42.72 Billion.

• Long-Term NNN Lease — Features a new 15-year initial term with zero landlord responsibilities, providing a true "passive" investment.

• Scheduled Rent Increases — The lease includes 5% rental increases every 5 years throughout the initial term and all five, 5-year option periods, providing scheduled NOI growth throughout the lease term and option periods.

• Corporate Guarantee — The lease is backed by the full corporate strength of Dollar General Corporation.

• Robust Traffic Counts — The location benefits from high visibility with combined traffic counts of over 20,400+ AADT at the nearby intersection of Airport Hwy and Apple Blossom Dr.

• Strong Income Levels — The 5-mile average household income is over $100,000, supporting consistent consumer spending.

• High Homeownership — Holland boasts a 62% homeownership rate, indicating a stable and established residential base.

Listing Contacts

CN
CA 01839132
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,973.56
$12,331.13/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
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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