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2205 N Ridge Rd
Painesville, OH 44077
Dollar General Cleveland MSA / 134K Pop 10-mi · Retail Property For Sale
Property Facts
About 2205 N RIDGE RD , PAINESVILLE, OH 44077
Touchstone Commercial Partners is pleased to offer for sale a single tenant net leased Dollar General Store located in Painesville, Ohio (30 miles east of Cleveland). This property has an absolute NNN 15-year lease commencing in July 2019 with zero landlord responsibilities. The tenant has five 5-year renewal options with 10% rent increases for each option. The subject property is located at the intersection of Lakeland Freeway and the historic U.S. Route 20, the nations’ second longest highway that stretches from New York to Oregon. Painesville is a fast-growing city in Ohio. Its status as a Qualified Opportunity Zone and business-friendly environment is fueling significant economic development initiatives including large office and retail development, new housing and community-based tourism. The city is only 30 miles east of Cleveland and has close economic ties to Cleveland’s diversifying economy including durable-goods manufacturing, medical, biotech and telecommunications. Broker of Record John M. Hoty, Hoty Enterprises, Inc. OH Lic #2001013563
