1 N Mill St
Milford Center, OH 43045
2018 Construction Dollar General Columbus MSA · Retail Property For Sale

Marcus & Millichap is pleased to present a 2018 brand new construction, corporately guaranteed Dollar General in Milford Center, Ohio. Delivery will occur in May of 2018. The 9,100-square foot asset features a 15-year absolute triple net lease with zero landlord responsibilities. There are three, five-year options with 10 percent rental increases at each extension. Milford Center is located 30 miles northwest of downtown Columbus, and is part of the Columbus MSA, which hosts a growing population of 2.1 million people. The population has seen a growth surge of 25 percent in a three-mile radius with an additional 10 percent of projected growth in the next five years. The asset is well located along the primary retail corridor, surrounded by residential neighborhoods, several schools and churches, as well as national and regional businesses. The demographics of this location in particular support the Dollar General business model targeted at low to middle income families. Dollar General (NYSE:DG) operates a chain of over 14,000 stores in 44 states and is based in Goodlettsville, Tennessee. They are publicly traded and have an investment grade credit rating of “BBB” on the S&P, with corporate sales of $21.99 Billion.