scioto commercial realty
Listed by scioto commercial realty, Trinity Real Estate Investment Services
$1,466,490
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 6.75%
NOI $98,988
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Expiration 11/30/2034
Rent Bumps Yes
Lease Options Three (3), 5-Year, 10%
Price per SqFt $161
Year Built 2019
Acreage 2.930
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2019
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 9,100 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Wilmington, OH. The subject property is a large 2.93-acre parcel and is just 8 miles from Wilmington Air Park.
Property Website: https://trinityreis.com/listing/2783-state-route-22-w/
In cooperation with Scott Harris at Scioto Commercial Realty Group | OH# BRK 2007004604 | (310) 473-4789
Investment highlights
- Dollar General in Wilmington, OH With 8+ Years Remaining on Primary Term
- Absolute NNN Lease Requiring Zero LL Responsibilities
- Large 2.93-Acre Parcel That can Accommodate a Larger Volume of Customers
- Attractive 10% Rent Increases In 5-Year Option Periods
- Healthy 5-Mile Demographics of 18,000+ Residents
- Situated Along State Rte 22 With 7,000+ Vehicles Passing in Front of Subject Property Daily
- Apartments, Schools, and Hospitals Within 2 Miles Creating Additional Customer Traffic for the Area
- Just 8 Miles From Wilmington Air Park
Listing Contacts
scioto commercial realty
Listed by scioto commercial realty, Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,988.00
$8,249.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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