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4774 Woodville Rd, Northwood (Toledo), OH, 43619

DOLLAR GENERAL
$1,944,643

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Highlights

INVESTMENT HIGHLIGHTS

  • NEW Lease structure containing 5.00% rental increases every 5 years in the primary term & at the beginning of each of the Five, 5-Year Options
  • Brand new 15-year lease with estimated delivery April 30, 2025.
  • 2025 built-to-suit construction for Dollar General, up to date with tenants current development specifications. 
  • Absolute NNN Lease with zero landlord responsibilities, ideal for investors seeking a passive stream of cash flow
  • ±10,566 square foot building is developed to the tenant’s current specifications, offering ample space for consumable products. The larger store size is indicative of higher sales figures and healthier operating margins.
  • Strong Corporate Guaranty: From Dollar General Corporation, a Fortune 500 company, boasting a BBB credit rating (S&P) and a $17 billion market cap.
  • There are over ±200,000 residents living within a 10-mile radius with an average household income over $60,000.
  • Situated on Woodville Road with excellent visibility and easy access, exposed to over ±18,300 VPD.
  • The property benefits from major highways nearby, including Interstate 280 (86,000 VPD) and State Routes 51, 579, and 795, facilitating easy access for customers and suppliers.

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

Key Information

Cap Rate
7%
Year Built
2025
Term Remaining
±15 YRS
Type
Retail
NOI
$136,125
Leasable Area
10,566