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Dollar General

6732 Lambert Road, Orient, OH 43146 (Columbus MSA)

Pricing

Price: $1,656,983

Cap Rate: 6.10%

NOI: $101,076

Price Per SF: $182.09

Leasable Area: 9,100 SF

Term Remaining: 11.1 Years

Year Built: 2017

Occupancy: 100%

Lot Size: 2.18 Acres

Status: Available

Highlights

  • 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

BROKERS OF RECORD: Bang Realty Inc. RE# BRK.2009000214

41995 Boardwalk Suite L-1

Palm Desert, CA 92211

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Tel: 800-948-1250

Fax: 717-797-0004

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