ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Dollar General – Chesterland, OH – NNN Lease

12616 Chillicothe Road
Sold

SALE PRICE: $1,603,672
CAP RATE: 6.40%

PROPERTY HIGHLIGHTS:

  • VISIBLE RETAIL LOCATION — Adjacent to West Geauga Plaza (anchored by Giant Eagle Supermarket). The town center of Chesterland is located at the nearby intersection of U.S. Rte. 322 and SR-306 (Chillicothe Road). The commercial district of Chesterland spans out from this intersection in all directions.
  • QUALITY INVESTMENT — ABSOLUTE NNN — Long-term lease with zero landlord responsibilities & fixed 10% increases in each of the 4 options to extend.
  • ESTABLISHED, RECOGNIZED TENANT — Dollar General has 13,000 convenient, easy-to-shop stores in 43 states delivering everyday low prices on name-brand products. Net sales increased 5.8% to $5.39 billion for 2Q2016.
  • ACCESSIBLE TRADE AREA — Over 24,500 people, with an average household income of nearly $115K, within five miles of the property. Chesterland is less than 30 miles east of Cleveland (2nd largest city in OH), & nearby I-271 provides quick access to I-90, a transcontintental freeway & the longest interstate highway in the U.S.
  • There are no features available

$1,603,672

9,002 SF

Price:

$1,603,672

Cap Rate:

6.40%

Building Size:

9,002 SF

SF Land Area:

3.54 acres

Current NOI:

$102,635

Lease Type:

NNN

Remaining Term:

Fifteen (15) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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