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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
Matthews Real Estate Investment Services, Inc
BRKP.2024002419, REC.2022007141 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2035
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 Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2035 |
Property Taxes
| Parcel Number | 400330001000 | Improvements Assessment | $159,010 |
| Land Assessment | $16,700 | Total Assessment | $175,710 |
Property Taxes
Presented by
Dollar General | 981 State Route 7 N
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