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7236 State Route 97
Mansfield, OH 44903
Attractive 6.7% Cap Rate | Absolute NNN · Retail Property For Sale
PROPERTY FACTS
ABOUT 7236 STATE ROUTE 97 , MANSFIELD, OH 44903
LEASE & LOCATION HIGHLIGHTS: - Brand new 2018 construction (completed in October) - 15-Year absolute NNN lease; zero management responsibility - Extremely strong corporate guarantee from Dollar General Corporation - Four, 5-year extensions, all of which include a 10% rent increase - Located at the corner of Highway 97 and Woods Drive - 3-mile population of 13,927; 10-mile population of 68,497 - Average household income of more than $100,000 annually TENANT HIGHLIGHTS: - Investment grade credit; S&P rated BBB (which was recently upgraded from the previous rating of BBB-) - Dollar General has more than 15,000 location nationwide and has announced an additional 900 stores for 2019 - The dollar store industry is one of the few retailers that is currently in expansion mode - Dollar General has a market cap of more than $30B
PROPERTY TAXES
| Parcel Number | P38-001-00-271-00 | Improvements Assessment | $364,040 |
| Land Assessment | $14,840 | Total Assessment | $378,880 |
PROPERTY TAXES
