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4003 Eastern Rd
Norton, OH 44203
Dollar General | Norton, OH · Retail Property For Sale
PROPERTY FACTS
ABOUT 4003 EASTERN RD , NORTON, OH 44203
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Norton, OH. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The rent commenced on 4/27/2014. This Dollar General will highly visible and is strategically positioned in Norton, OH. The five mile population from the site exceeds 67,500 while the one mile median household income exceeds $51,500 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.60% cap rate based on NOI of $92,850. Ohio Broker of Record. Michael J Fennessy | Dietz Commercial. #2013001375
PROPERTY TAXES
| Parcel Number | 46-08931 | Improvements Assessment | $461,843 |
| Land Assessment | $16,982 | Total Assessment | $478,825 |
PROPERTY TAXES
