475 Home St - Freestanding FOR SALE


Georgetown, OH 45121
$1,169,000 USD
678-808-2762
475 Home St, Georgetown, OH for Sale
$1,169,000 USD
Freestanding - FOR SALE
1/3
null | 8.24% Cap Rate

475 Home St
Georgetown, OH 45121


OVERVIEW

LOW RENT & PRICE POINT RELOCATION DOLLAR GENERAL • This Dollar General is a relocation and expansion of a previous Dollar General in this market showing their commitment and confidence to this location. • The subject property has a low rent of $96,364 ($9/SF) that equates to a low price point of $1.1 million. TOP PERFORMING LOCATION | TOP 5% IN THE COUNTRY • The subject Dollar General supports 214.5K customers annually and ranks in the top 5% of all Dollar Generals in Ohio and in the country. (Placer.ai) CINCINNATI MSA | 3RD LARGEST CITY IN OHIO • The subject property is located 36 miles southeast of downtown Cincinnati and is a part of the MSA. • The city is the economic and cultural hub of the Cincinnati metropolitan area. With an estimated population of 2,256,884, it is Ohio’s largest metropolitan area and the nation’s 30th-largest. • Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest • Cincinnati is home to three major sports teams: the Cincinnati Reds of Major League Baseball; the Cincinnati Bengals of the National Football League; and FC Cincinnati of Major League Soccer. • The city’s largest institution of higher education, the University of Cincinnati is now ranked as one of the 50 largest in the United States with nearly 50,000 students. GEORGETOWN, OH | COUNTY SEAT OF BROWN COUNTY • Georgetown is the county seat of Brown County and benefits from government jobs and funding. • National retailers located in Georgetown include Tractor Supply, Taco Bell, McDonalds, CVS, AutoZone, and more. CORPORATE NNN LEASE GUARANTEED BY AN INVESTMENT GRADE TENANT (S&P:BBB) • Dollar General signed a 15 year corporate guaranteed NNN lease in 2015. There are 5.75 years remaining on the primary lease term. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

FOR SALE DETAILS

PRICE

$1,169,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

8.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,609 SF

ZONING

Commercial

APN/PARCEL ID

33-061336-0400

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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