Dollar General - Nashport, OH 6245 Newark rd

Investment Highlights

Brand New 2023 Construction Rare 5% Rent Increases Every 5-Years in Primary Term & Options Adjacent to Dillon Lake State Park which Averages 1.3 Million Visitors Annually, Contributing $37 Million to the Local Economy, Supporting 416 Jobs New 15-Year Absolute NNN Lease (Zero Landlord Responsibilities) Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB) Average Household Income Exceeds $101,000 (3-Mile Radius)

Executive Summary

The subject property is a newly constructed freestanding Dollar General located in Nashport (Outside Columbus), OH. The new 15-year absolute NNN lease includes rare ?next gen? lease language with 5% rental increases every 5-Years in the initial lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.This location benefits from its excellent visibility and frontage on Newark Rd, a major thoroughfare through Nashport, OH which boasts over 10,200 vehicles per day. The 3-mile average household income exceeds $101,000 with an expected growth of 1.59% over the next 5 years, This Dollar General is just minutes from downtown Zanesville, OH and 57 miles to downtown Columbus, OH.This site is adjacent to the Dillon Lake State Park which averages 1.3 million visitors annually, contributing $37 million to the local economy, supporting 416 jobs. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Restaurant General Retail Storefront Freestanding
• Building Size    10,640
• Year Built    2023
• Price    2,123,072
• Price Per SF    200
• Cap Rate    6.25
• NOI    132,692
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    2.61 AC