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13531 Marne Road, Newark, OH, 43055

DOLLAR GENERAL
$1,893,940

Key Information

Cap Rate
6.6%
Tot. SF
10,640
Year Built
2024
Term Remaining
±13.9 YRS
Type
Retail
NOI
$125,000

Highlights

LEASE & LOCATION:

  • Brand new 2024 build-to-suit construction for Dollar General
  • 15-Year absolute NNN lease (commencement of May 2024)
  • 5% rental increases every 5-years for the life of the lease
  • Larger Dollar General PLUS prototype (10,640 SF building)
  • Zero landlord management responsibilities
  • Newark is located within the Columbus OH MSA (population of over 2.25 million)
  • 89,398 residents located within a 10-mile radius
  • Average household income of $122,232 annually

TENANT:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • Dollar General has a market cap of ± 25 billion

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113