2015 N Cole St
Lima, OH 45801
Retail Property For Sale

Marcus & Millichap is pleased to present a 2018 brand new construction absolute NNN corporately guaranteed Dollar General in Lima, Ohio. The property is currently under construction and scheduled to be delivered to the tenant in October 2018. The 9,026 square foot asset features a 15-year absolute triple net lease with zero landlord responsibilities. There are three, 5-year options with 10% rental increases at each extension. The city of Lima is located directly along I-75. The asset is well located along a primary corridor, surrounded by residential neighborhoods, several schools and churches, as well as national and regional businesses. Immediate traffic counts exceed 9,400 cars per day along N. Cole Street. There are over 66,000 people residing in a 5-mile radius of the site with an average household income of $56,000. The demographics of this location in particular support the Dollar General business model targeted at low to middle income families. Other tenants in the immediate vicinity include TJ Maxx, Kohl’s, Home Depot, Tractor Supply, Lowe’s, and Walmart. 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.