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6229 State Route 46, Tipp City, Cortland, & Lima, OH

Dollar General Portfolio
$3,890,343

Key Information

Cap Rate
7.25%
Units
3
Term Remaining
±8 YRS
Type
Retail
NOI
$282,050

Highlights

  • Investment Grade Tenant: The leases are corporately guaranteed by Dollar General Corporation (NYSE: DG), a publicly traded company with an investment-grade credit rating of BBB from Standard & Poor’s, providing investors with durable income supported by a nationally recognized retailer.
  • NNN Lease: The properties are subject to a triple-net (NNN) leases, with Dollar General responsible for taxes, insurance, and maintenance, resulting in a true passive ownership structure with no landlord obligations.
  • 2018 Build-to-Suit: The stores were developed in 2018, offering investors the advantage of newer construction 9,100 SF store models.
  • Large Market Cap: Dollar General maintains a market capitalization of approximately $30 billion, reflecting a well-established, scaled retail platform with consistent earnings performance and reduced volatility relative to smaller-cap peers.
  • Extensive National Footprint: Dollar General operates approximately21,000 stores across 48 states, demonstrating a dominant presence inrural and suburban markets and a competitive advantage driven bynational scale and deep market penetration.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH), BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, LLC
950 Main Ave., Suite 510, Cleveland, OH 44113