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Dollar General 723 S Main St 9,230 SF 100% Leased Retail Building Columbus Grove, OH 45830 $1,311,111 ($142.05/SF) 6.75% Cap Rate
Investment Highlights
- Investment-Grade Tenancy – The lease features a direct corporate guaranty from Dollar General Corporation, delivering elite credit stability
- Established Build-to-Suit Asset – Developed as a corporate build-to-suit in 2016, the ±9,230 SF building sits on ±1.17 acres of land
- Affluent Submarket & High Consumer Spending – The property capitalizes on a high-earning small-town demographic
- Absolute NNN Lease Structure – Operating under an Absolute NNN lease structure, the tenant handles all real estate taxes, property insurance
- Compounding Yield Upside – The contract includes four (4) automatic 5-year renewal options. Each successive option triggers a 10% rent hike
Executive Summary
Broker of Record
Matt Wallace
License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,230 SF
Building Class
B
Year Built
2016
Price
$1,311,111
Price Per SF
$142.05
Cap Rate
6.75%
NOI
$88,500
Percent Leased
100%
Building Height
1 Story
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 47-190000-0000 | Improvements Assessment | $133,080 |
| Land Assessment | $7,600 | Total Assessment | $140,680 |
Property Taxes
Parcel Number
47-190000-0000
Land Assessment
$7,600
Improvements Assessment
$133,080
Total Assessment
$140,680
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