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Dollar General 981 State Route 7 N 9,100 SF Retail Building Pierpont, OH 44082 $1,698,476 CAD ($186.65 CAD/SF) 7.65% Cap Rate
Investment Highlights
- 2020 Build-to-Suit: Construction for Dollar General with ± 8.5 years remaining on an initial 15-year absolute NNN lease.
- Tourist Proximity: Close to Pymatuning State Park and Pineview Campgrounds, generating consistent consumer traffic and supporting surrounding retail d
- Investment-Grade Credit: Dollar General boasts an investment-grade credit rating of BBB (S&P).
- Attractive Return: 7.65% return on a stabilized investment-grade credit tenant.
- Strategic Location: Pierpont, OH, is located 17 miles southeast of Ashtabula, OH, and 35 miles southwest of Erie, PA.
- National Expansion: Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
Executive Summary
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2035
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2035 |
Property Taxes
| Parcel Number | 400330001000 | Improvements Assessment | $220,154 CAD |
| Land Assessment | $23,122 CAD | Total Assessment | $243,276 CAD |
Property Taxes
Presented by
Dollar General | 981 State Route 7 N
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