New Springfield Retail for Sale - Mahoning County
Prime Net Lease is pleased to present this 9,100 SF Dollar General store located in New Springfield, Ohio. The property is encumbered with a 15-year absolute NNN lease, leaving the landlord with no responsibilities. There are currently 8+ years remaining on the current lease with Three, 5-year options left. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.
The property has excellent visibility with frontage and signage on Woodworth Road (OH-165), more than 6,000 vehicles passing by daily. Nearby uses include Welsh Motors Ford Dealership, Swift Mart, U.S. Postal Service, Goodhope Speedway, and My Wish Weddings Barn. The property also has regional access, just 6 miles from on/off ramps to I-76, Ohio Turnpike, a major thoroughfare providing access northwest to Akron and Cleveland and southeast to Pittsburgh. There are 1,535 people within 3 miles of the site and 6,904 people within 5 miles of the property and the surrounding area is an ideal dollar store market - average household incomes within 1 mile of the site are $65,000 and $78,000 within 3 miles.
The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
