Log In/Sign Up
Your email has been sent.
Dollar General 723 S Main St 9,230 SF Retail Building Columbus Grove, OH 45830 $1,264,286 ($136.98/SF) 7% 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
Property Subtype
Convenience Store
Building Size
9,230 SF
Building Class
B
Year Built
2016
Price
$1,264,286
Price Per SF
$136.98
Cap Rate
7%
NOI
$88,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C - Commercial Retail
Frontage
299’ on South Main Street
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 created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| 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
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
