153 E Main St
Hopedale, OH 43976
Dollar General · Retail Property For Sale

Dollar General is newly constructed with a 15-year absolute net lease which commenced on October 1, 2016. There are three 5-year options with 10 percent increases in each option period. The property has a corporate guarantee. Dollar General is an investment grade tenant with a Standard & Poors BBB rating and a Moody' s Baa2 rating. It is publicly traded on the NYSE under the symbol DG . Dollar General has more than 12,000 stores in 43 states and reported 2015 sales of $20.4 billion. Dollar stores have have shown tremendous growth in the retail sector. From 2010 through 2015, the top four chains grew their combined total annual sales from $28 billion to an estimated $42 billion, representing a compound annual growth rate (CAGR) of 8.5 percent. Dollar General stores average approximately 9,100 square feet of selling space and approximately 70 percent of the stores are located in towns of 20,000 or fewer people. The property is located in eastern Ohio approximately 20 miles west of Steubenville, 54 miles west of Pittsburgh, 125 miles east of Columbus and 123 miles southeast of Cleveland. It is part of the Pittsburgh Tri-State Area. Dollar General has 91 feet of frontage on Main Street and is directly accessible from one curb cut. It is adjacent to US Bank. The property is in close proximity to traffic generators including local employers such as the recently expanded MarkWest plant. MarkWest is engaged in the gathering, processing, and transportation of natural gas; the transportation, fractionation, storage and marketing of NGLs; and the gathering and transportation of crude oil. Dollar General is also near Hopedale Mining and Gables Care Center, a regional rehabilitation and care facility. It is convenient to churches, schools and City Hall.