2160 S Columbus Rd 9 100 pi² Commerce de détail Immeuble Wooster, OH 44691 2 082 077 $ CAD (228,80 $ CAD/pi²) 6,60% Taux de capitalisation

Fortis Net Lease is pleased to present this 2020 BTS Dollar General store located in Wooster, Ohio. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. There are 9.5 years left on the primary term. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade. The store has been open & successfully operating since September 2020. This Dollar General is highly visible as it is strategically positioned on the hard corner of Old Columbus Road and Shreve Road seeing 13,353 cars per day. The 5 mile population from the site is 32,353 and the 1 mile average household income is $92,010 per year, making this location ideal for a Dollar General.
The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects a 6.60% cap rate based on NOI of $100,728.