Dollar General – Baltimore, OH

$2,094,240
Price
$104,712
Noi
5.00%
Cap Rate
10,640
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 10,640 SF Dollar General RELOCATION PLUS store located in Baltimore, Ohio. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been open & operating successfully since January 2021.

This Dollar General is highly visible and it is strategically positioned on S. Main Street which sees 5,196 cars per day. The site is immediately adjacent to the local Elementary & Middle Schools. The ten mile population from the site is 121,238 while the three mile average household income is $77,022 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the 10 mile population growth rate at 5.03%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 5.00% cap rate based on NOI of $104,712.

INVESTMENT HIGHLIGHTS
• Absolute NNN Lease | Zero Landlord Responsibilities
• RELOCATION PLUS STORE! | 2021 BTS Construction
• Columbus Market
• Adjacent to Liberty Union Elementary & High School
• Four (5 Year) Options | 10% Rent Increase at Each Option
• Three Mile Household Income $77,022
• Ten Mile Population 121,238 | Expected 5.03% Growth
• 5,196 Cars Per Day on S. Main Street
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 31 Consecutive Years of Same Store Sales Growth
• No Competition Within 6+ Miles | Only Dollar Store Serving the Community!

Instate Broker of Record: Michael J Fennessy | Dietz Commercial | License #2013001375

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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