Dollar General 1140 Tallmadge rd 10,566 SF Retail Building Kent, OH 44240 $2,439,077 ($230.84/SF) 6.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property located in Kent, Ohio, within the Akron MSA. The property features new construction with a 15-year lease expected to commence in September 2025. The lease features 5% rental escalations throughout the primary term and five 5-year renewal options. It is also absolute triple net presenting no landlord responsibilities. Dollar General is an investment grade tenant, holding a BBB rating from Standard & Poor’s.
The 10,566 square-foot property is positioned along Tallmadge Road (8,100 VPD) and just off State Route 43 (13,500 VPD). It also benefits from its proximity to Interstate 76 which experiences over 60,700 vehicles per day and connects to downtown Akron. The property benefits from a built-in customer base due to the new Redwood Apartments (100 units) under construction directly across the street. It is situated in an area with a strong demographic profile, boasting a population of 76,000 within a five-mile radius, surpassing the average for Dollar General locations. The average household income within this radius exceeds $91,000. Additionally, the property is strategically located minutes from major national retailers, including Menards, Meijer, Walmart Supercenter, Lowe’s, Kohl’s, Petco, Chipotle, Panera, Starbucks, and other prominent brands.
Dollar General Corporation (NYSE: DG), headquartered in Goodlettsville, Tennessee, is a leading American discount retailer with a vast network of over 20,000 stores across 48 U.S. states and Mexico as of early 2024. Founded in 1939, the company has established itself as a cornerstone in rural and underserved communities by offering a broad assortment of affordable products, including household essentials, food, health and beauty aids, apparel, and seasonal items. Dollar General’s expansive retail footprint is supported by a robust distribution network, ensuring efficient product delivery and inventory management.