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Dollar General | Brand New | Cincinnati OH 635 Old State Route 74 10,640 SF Retail Building Cincinnati, OH 45244 $2,255,813 ($212.01/SF) 6.40% Cap Rate



INVESTMENT HIGHLIGHTS
- 2025 BTS Plus Size Construction | Near Signalized Intersection
- 5 Mile Population 111,716 & Growing
- Easy Access to State Rte 32 (22,576 ADTC) & I-275 (63,991 ADTC)
- 5% Rental Rate Increases Every 5 Years!
- 11,470 Cars Per Day on Old State Rte 74
- 5 Mile Consumer Spending is $1.5 Billion!
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Cincinnati, Ohio. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store will start construction soon with opening & rent start on track for February 2026.
This Dollar General is highly visible as it is strategically positioned on Old State Rte 74 seeing 11,740 cars per day. The store is easily accessible from both State Rte 32 (seeing 22,576 cars per day) & I-275 (seeing 63,991 cars per day). The 5 mile population from the site is 111,716 and the 1 mile average household income is $66,694 per year, making this location ideal for a Dollar General. This area is also seeing steady population growth. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of 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 6.40% cap rate based on NOI of $144,372.
This Dollar General is highly visible as it is strategically positioned on Old State Rte 74 seeing 11,740 cars per day. The store is easily accessible from both State Rte 32 (seeing 22,576 cars per day) & I-275 (seeing 63,991 cars per day). The 5 mile population from the site is 111,716 and the 1 mile average household income is $66,694 per year, making this location ideal for a Dollar General. This area is also seeing steady population growth. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of 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 6.40% cap rate based on NOI of $144,372.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Building Class
C
Year Built
2025
Price
$2,255,813
Price Per SF
$212.01
Cap Rate
6.40%
NOI
$144,372
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.20 AC
Zoning
Commercial - Commercial use
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-32-13D-011 | Improvements Assessment | $20,970 |
| Land Assessment | $47,600 | Total Assessment | $68,570 |
PROPERTY TAXES
Parcel Number
41-32-13D-011
Land Assessment
$47,600
Improvements Assessment
$20,970
Total Assessment
$68,570
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Dollar General | Brand New | Cincinnati OH | 635 Old State Route 74
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