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Dollar General 7050 OH-235 10,640 SF 100% Leased Retail Building Alger, OH 45812 $2,735,556 CAD ($257.10 CAD/SF) 6.75% Cap Rate
Investment Highlights
- List price of $1,925,214 yielding an attractive 6.75% cap rate
- 2026 built-to-suit construction for Dollar General with estimated delivery June 2026
- ±10,640 square foot building is developed to the tenant's current specifications, offering ample space for consumable products
- Brand new 15-year lease with 5.00% rental increases every 5 years and Five, 5-Year Options
- Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
- Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $28 billion market cap
Executive Summary
Matt Wallace
License # REC.2022007141, BRKP.2024002419 (OH
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141, BRKP.2024002419 (OH
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,640 SF
Year Built
2026
Price
$2,735,556 CAD
Price Per SF
$257.10 CAD
Cap Rate
6.75%
NOI
$184,649 CAD
Percent Leased
100%
Building Height
1 Story
Parking
10 Spaces (0.94 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Dollar General | 7050 OH-235
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