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1050 E Main St
Chillicothe, OH 45601
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Dollar General location is secured by a corporate guaranty from the Dollar General Corporation.
- The offering provides for a return on equity which is coupled with significantly below replacement value construction pricing.
- This Dollar General is located in a prime location just off SR 23 on the way into the historic town center.
- Per Placer.ai this Dollar General location ranks #1 in Chillicothe with 233k visits in the last 12 months.
- In each renewal option, base rent increases 10% significantly increasing an investors overall return.
- Dollar General Corporation (NYSE: DG, S&P: BBB), the largest small-box discount retailer in the US, operates over 20,000 stores nationwide.
EXECUTIVE SUMMARY
Dollar General property in Chillicothe, Ohio, backed by a corporate guarantee and a long-term lease with 10% rent escalations, presenting a stable investment opportunity with a financially strong Fortune 500 tenant.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2013
Price
$1,477,141
Price Per SF
$163.65
Cap Rate
8.50%
NOI
$125,557
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.08 AC
Opportunity Zone
Yes
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | 30-56-57-062.000 | Improvements Assessment | $298,060 |
| Land Assessment | $86,940 | Total Assessment | $385,000 |
PROPERTY TAXES
Parcel Number
30-56-57-062.000
Land Assessment
$86,940
Improvements Assessment
$298,060
Total Assessment
$385,000
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