1301 N Main St - Freestanding FOR SALE


Urbana, OH 43078
$1,994,857 USD
619-218-6427
1301 N Main St, Urbana, OH for Sale
$1,994,857 USD
Freestanding - FOR SALE
1/2
null | 6.65% Cap Rate

1301 N Main St
Urbana, OH 43078


HIGHLIGHTS

  • Brand New 2024 Construction
  • New 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • Excellent Visibility & Access on North Main Street
  • Traffic Counts Exceed 11,500 Vehicles Per Day
  • Minutes from Downtown Urbana, 45 Miles to Downtown Columbus, and 39 Miles to Downtown Dayton, OH

OVERVIEW

The subject property is a newly constructed freestanding Dollar General located in Urbana (Outside Columbus), OH. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's. This location benefits from its excellent visibility and frontage on North Main Street, a major thoroughfare through Urbana which boasts over 11,500 vehicles per day. This Dollar General is just minutes from downtown Urbana, OH, 45 miles to downtown Columbus, and 39 miles to downtown Dayton, OH. National retailers in the immediate vicinity include Dairy Queen, Speedway Gas Station, USPS, White’s Ford Dealership, Dunkin’ Donuts, Kroger, Walmart, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$1,994,857 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New 15-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

I49-25-12-03-36-001-00

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.