DG – Ottoville, OH

$1,267,066
Price
$85,527
Noi
6.75%
Cap Rate
9,026
Leasable Area
2016
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present a newer Dollar General store located at 619 W. 3rd Street in Ottoville, OH. This fifteen year absolute NNN lease has no landlord responsibilities and four, five year options with ten percent rent increases every five years. The lease also has a corporate guarantee from Dollar General which has a “BBB” S&P rating and is classified as Investment Grade.

The subject property is conveniently located in downtown Ottoville where the population within ten miles exceeds 22,200 residents. The median home value within three miles exceeds $159,000 and the average household income within three mile exceeds $80,000. There is no competitive retail surrounding this subject property.

INVESTMENT HIGHLIGHTS
• 9,026 SF Dollar General Store on 1.24 Acres
• Absolute NNN 15 Year Lease with No Landlord Responsibilities
• Four, Five Year Options | 10% Rent Increases at Each Option
• Corporate Guarantee | “BBB” S&P Rating
LOCATION HIGHLIGHTS
• Located at the intersection of Highway 189 and 3rd Street (2,100+ VPD)
• Conveniently Situated on a Main Thoroughfare in Ottoville
• No Competitive Surrounding Retail
• Population Within 10 Miles Exceeds 22,200 Residents
• Average Household Income Exceeds $80,000 Within 3 Miles
• Median Home Value Exceeds $159,000 Within 3 Miles