Catylist ID:
#30705957
| Catylist Listing ID: | 30705957 |
| Property Subtypes: | Convenience Store, Free-Standing Building |
| Building Size (RSF): | 9,100 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.53 Acres |
| Sale Price: | $1,636,292 |
| Unit Price: | $179.81 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | Dollar General |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.15% |
| Last Updated: | 2/15/2021 |
Overview / Comments
|
We are pleased to present this well-located Dollar General FOR SALE in Southington, Ohio. The property is located at 4877 State Route 305 with traffic counts of 15,000+ VPD on Route 422. Conveniently located near the city of Warren which boasts 7 major highway connections, access to 2 international airports, 6 shipping ports, and a population of 6.3 million. This Dollar General was built in 2018, and has 12 years remaining on initial 15 year lease which expires in 2033. There are four 5-year options with rental increases with each option period. 1st option extension, $110,695.20 fixed for 5 years 2nd option extension, $121,764.72 fixed for 5 years 3rd option extension, $133,934.04 fixed for 5 years 4th option extension, $147,335.28 fixed for 5 years Highlights: 2018-Year NNN Dollar General Initial Lease Term Expiration: 2033 Multiple Option periods with Rental Increases Traffic Count: 15,000+ VPD 6.15% CAP Rate $27.8B in Net Sales for FY 2019 30 Consecutive Years of Same Store Sales Growth Investment Grade Credit Rating: BBB |
Attachments & Media
Current Tenants
| Tenant Business Name | Dollar General |
| SF of Space Occupied | 9,100 SF |
| Options | There are four 5-year options with rental increases with each option period. |
Additional Details
| Nearest MSA: | Youngstown-Warren-Boardman |
| County: | Trumbull |
| Tax ID/APN: | 57-119641 |
| Zoning: | B COMMERCIAL |
| Retail Clientele: | General, Family |
| Property Located Between: | Route 305 & Route 422 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Route 422 |
| Traffic/Vehicle Count: | 15,000 |
| Area Description: | This property is uniquely located at the crossroads of two highways (State Route 305 and U.S. Route 422), and is situated approximately midway between Cleveland to the northwest and Pittsburgh to the southeast. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 2018 |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 3,717 | 16,867 |
| Median Age: | 43.02 | 40.96 |
| Households: | 1,414 | 6,342 |
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