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5310 Cleveland Rd, Wooster, OH, 44691

DOLLAR GENERAL
$1,134,595

Key Information

Cap Rate
8.25%
Tot. SF
9,026
Year Built
2014
Term Remaining
±3.75 YRS
Type
Retail

Highlights

Lease & Location:

  • 2014 build-to-suit construction for Dollar General
  • Absolute NNN Lease – Zero landlord responsibilities
  • Low rent payer- subject property is priced well below replacement cost
  • Corporately guaranteed lease from Dollar General Corporation
  • Average household income of $73,382, which is considered to be a sweet spot for Dollar General
  • 5-Mile population in excess of 34,427 residents
  • Nearby national tenants include Walmart, Chipotle, Michael’s, Tractor Supply, Dick’s, Aldi, Lowes, and many more

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™
950 Main Ave., Suite 510, Cleveland, OH 44113