13390 Cygnet Rd - Department Store FOR SALE


Cygnet, OH 43413
$2,123,000 USD
415-481-0788
13390 Cygnet Rd, Cygnet, OH for Sale
$2,123,000 USD
Department Store - FOR SALE
1/3
null | 6.6% Cap Rate

13390 Cygnet Rd
Cygnet, OH 43413


HIGHLIGHTS

  • This Dollar General includes a 15-year term with 5% rental escalations every five years, enhancing income stability and growth potential
  • Lease is backed by Dollar General Corporation, a publicly traded company with strong financial performance and continuous store expansions
  • Dollar General covers all property expenses, like taxes, insurance, and maintenance, providing a completely passive income stream for the landlord
  • Dollar General, a Fortune 500 company with over 19,000 locations nationwide
  • Dollar General’s discount model has proven to be recession-proof, offering essential products at value prices that draw steady customer traffic

OVERVIEW

With construction completing in 2025, the 10,640 SF building sits on a 2.42-acre lot with ample parking. Dollar General is responsible for all taxes, insurance, and maintenance, including structural components, allowing for a hands-off investment. The property benefits from its location adjacent to Interstate 75, which sees over 51,000 vehicles per day, enhancing accessibility and potential customer traffic. The 15-year lease includes 5% rental increases every five years, ensuring predictable income growth throughout the term. Dollar General’s focus on essential goods positions it well for consistent performance even in challenging economic conditions.

FOR SALE DETAILS

PRICE

$2,123,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,284 SF

ZONING

-

APN/PARCEL ID

F22-310-120000006000

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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