Tenant: Dollar General | Bedford, OH Premises: 12,655 SF Renewal Options: 4 x 5 Years
Lease Expiration: 5/31/2028 Lease Type: NN Rental Increases: 10% at Options
Sands Investment Group is Pleased to Exclusively Offer the Dollar General Lease Investment Opportunity Located at 647 Broadway Avenue in Bedford, Ohio.
Over 8 Years Remaining on a 10 Year Corporate Guaranteed Lease
New Retrofit Dollar General With Upgraded Construction
Adjacent to the UH Bedford Medical Center ER Which is a 110 Bed State-of-the-Art Facility Offering 24-Hour Patient Care and 193 Physicians Trained in 30 Medical Specialties; The Medical Center is Also Certified as a Primary Stroke Center
Excellent Demographics With a Population of Over 60,822 Residents Making an Average Household Income of $54,186 Within a 3-Mile Radius
The Intersection of Broadway Avenue and Columbus Road Sees Over 27,100 Vehicles Per Day
Ideally Located at a Signalized Corner With Dual Access
Situated in a Dense Residential Neighborhood With Access to Public Transportation, Hospitals, Libraries and Schools
Quick Access to I-480 and I-77 Which Lead North Into Downtown Cleveland (14 Miles)
Cleveland is the 52nd Largest City in the U.S. and 2nd Largest in Ohio With Over 2.1 Million People; Cleveland Serves as the Center of the Cleveland Metroparks Nature Reserve System and is Home to the Rock and Roll Hall of Fame and the Cleveland Museum of Art
Nearby Tenants Include: Burger King, Walgreens, AutoZone, CVS Pharmacy, Giant Eagle Supermarket, Citizens Bank, Marco’s Pizza and More
In Cooperation With Cooper Commercial Investment Group, LLC
BoR: Dan Cooper – Lic. #2009003618
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Tenant Overview
Dollar General Corporation (NASDQ: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money.
Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Dollar General operates over 16,094 stores in 44 states as of November 2019 with 16 different distribution centers. For fiscal 2018, Dollar General executed approximately 2,000 real estate projects comprised of 900 new stories, 1,000 store remodels and 100 store relocations. For the 52-week fiscal year ending January 29, 2021 (“fiscal year 2020”), the company plans to execute nearly 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.