6229 State Route 46
Cortland, OH 44410
Retail Property For Sale

Marcus & Millichap is pleased to present a 2018 brand new construction, corporately guaranteed Dollar General in Cortland, Ohio. Delivery will occur in October of 2018. The 9,100 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. Cortland is located 11 miles northeast of downtown Warren and 20 miles north of downtown Youngstown. There over 53,000 people in a 10-mile radius with an average household income of $67k. It is part of the Youngstown- Warren-Boardman MSA, which hosts a growing population of over 600,000 people. The asset is well located along the primary retail corridor, surrounded by residential neighborhoods, several schools and churches, as well as national and regional businesses. The demographics of this location in particular support the Dollar General business model targeted at low to middle income families. 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.