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Dollar General 981 State Route 7 N 9,100 SF Retail Building Pierpont, OH 44082 $1,213,804 ($133.39/SF) 7.65% Cap Rate
Investment Highlights
- 2020 Build-to-Suit: Construction for Dollar General with ± 8.5 years remaining on an initial 15-year absolute NNN lease.
- Tourist Proximity: Close to Pymatuning State Park and Pineview Campgrounds, generating consistent consumer traffic and supporting surrounding retail d
- Investment-Grade Credit: Dollar General boasts an investment-grade credit rating of BBB (S&P).
- Attractive Return: 7.65% return on a stabilized investment-grade credit tenant.
- Strategic Location: Pierpont, OH, is located 17 miles southeast of Ashtabula, OH, and 35 miles southwest of Erie, PA.
- National Expansion: Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,213,804
Price Per SF
$133.39
Cap Rate
7.65%
NOI
$92,856
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Zoning
C
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2035
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2035 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 400330001000 | Improvements Assessment | $159,010 |
| Land Assessment | $16,700 | Total Assessment | $175,710 |
Property Taxes
Parcel Number
400330001000
Land Assessment
$16,700
Improvements Assessment
$159,010
Total Assessment
$175,710
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Dollar General | 981 State Route 7 N
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