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981 State Route 7 N 9,100 SF Retail Building Pierpont, OH 44082 $1,641,107 CAD ($180.34 CAD/SF) 7.75% Cap Rate
Investment Highlights
- CORPORATE GUARANTEED TRIPLE-NET LEASED DOLLAR GENERAL WITH 10-YEARS REMAINING
Executive Summary
Long-Term Passive Income: 9-years remaining on NNN lease with Dollar General through January 2035—offering a passive 7.75% cap rate with zero landlord responsibilities.
Corporate Guarantee by Investment-Grade Tenant: Leased to Dollar General Corporation (NYSE: DG), the largest small-box discount retailer in the U.S. with over 20,000 locations and $40.6 billion in 2024 revenue.
Strong Rent Growth Built In: Features three successive 10% rental increases during option periods—offering built-in income growth through 2050.
Recent Construction with Minimal Maintenance: Built in 2020, the building is in excellent condition and aligned with Dollar General’s current store prototype, reducing near-term capital expenditure risk.
Rural Market Stability: Strategically located in an underserved, low-competition market where Dollar General stores thrive by capturing consistent necessity-based spending.
Corporate Guarantee by Investment-Grade Tenant: Leased to Dollar General Corporation (NYSE: DG), the largest small-box discount retailer in the U.S. with over 20,000 locations and $40.6 billion in 2024 revenue.
Strong Rent Growth Built In: Features three successive 10% rental increases during option periods—offering built-in income growth through 2050.
Recent Construction with Minimal Maintenance: Built in 2020, the building is in excellent condition and aligned with Dollar General’s current store prototype, reducing near-term capital expenditure risk.
Rural Market Stability: Strategically located in an underserved, low-competition market where Dollar General stores thrive by capturing consistent necessity-based spending.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,641,107 CAD
Price Per SF
$180.34 CAD
Cap Rate
7.75%
NOI
$127,186 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Zoning
C - Commercial
Parking
21 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
229’ on Ohio 167
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 400330001000 | Improvements Assessment | $217,798 CAD |
| Land Assessment | $22,874 CAD | Total Assessment | $240,672 CAD |
Property Taxes
Parcel Number
400330001000
Land Assessment
$22,874 CAD
Improvements Assessment
$217,798 CAD
Total Assessment
$240,672 CAD
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981 State Route 7 N
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