6732 Lambert Road, Orient, OH 43146 (Columbus MSA)
Cap Rate: 6.10%
Price Per SF: $182.09
Leasable Area: 9,100 SF
Term Remaining: 11.1 Years
Year Built: 2017
Lot Size: 2.18 Acres
Favorable Lease - 11.1 years remaining on the initial 15-year lease. Tenant has five, 5-year renewal options with 10% rental increases at the start of each option.
Strong Tenant - Dollar General has been in business since 1939 and is the largest "Small Box" retailer in the nation with over 16,000 locations Nationwide. Dollar General (NYSE: DG) is an investment Grade tenant with a "BBB" rating.
Excellent Location - Orient, OH is located just 15 miles outside of Columbus, Ohio's most populous city and state capital.
Excellent Demographics - This Dollar General boasts high population counts. There are over 32,000 residents within a 5-mile radius, and over 231,000 residents within a 10-mile radius.
Zero Landlord Responsibilities - This property has an absolute NNN lease, which requires zero management on the landlords part. Perfect for buyers looking for a "hands-off" investment while reaping all the benefits of owning real estate.
1031 Exchange Asset - Dollar General is a great exchange property due to their creditworthiness and lack of landlord responsibilities. It is also deemed an essential business, thus staying open throughout the stay at home ordinances imposed nationwide