Phillipsburg, OH, is a village in Montgomery County, with a population of 21,000 within a 5-mile radius, just 20 miles northeast of Dayton, OH, with a total population of 140,000.
The subject property is located less than half a mile from Phillipsburg, OH airport and less than 12 miles from Dayton International Airport with 75 flights per day.
Minimal competition as the closest national dollar store chain is over 6 miles from the subject property.
2017 build-to-suit construction for Dollar General with ± 7 years remaining on an initial 15-year term.
TENANT:
Dollar General boasts an investment-grade credit rating of BBB (S&P).
Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.