Tenant: Dollar General Premises: 9,469 SF Renewal Options: 4 x 5 Years
Lease Expiration: 4/30/2028 Lease Type: Absolute NNN Rental Increases: 3% Year 11 & 10% at Options
Absolute Triple Net (NNN) Lease – No Landlord Responsibilities
Over 10 Years of Lease Term Remaining with Rent Increase in Year 11 (2024)
Excellent Demographics in Surrounding Area with 233,000 Residents Within a 5-Mile Radius
Dollar General (NYSE: DG) Recently Upgraded to BBB Credit Rating
Corporate Guaranty from Investment Grade Tenant
Toledo Future Job Growth Over the Next 10 Years Expected to be 37%
Located .5 Miles from Mercy St. Vincent Medical Center, Serving Over 75k Patients Per Year
Located 1.3 Miles from Downtown Toledo – Attractions Include Huntington Center, Seagate Convention Center, Valentine Theater, and Fifth Third Field (28k Total Seats)
Located 1 Mile from Toledo Museum of Art, Boasting 470K Visitors Per Year
In Cooperation with Cooper Commercial Investment Group, LLC – BoR: Dan Cooper Lic # 2009003618
Tenant Overview
Dollar General Corporation 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. Dollar General operated 13,429 stores in 44 states as of March 3, 2017. 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.