Dollar General - McClure, OH

Retail-Commercial for Sale
Catylist Listing ID: 30409144
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Sale Price: $1,235,000
Unit Price: $164.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.6%
Last Updated: 10/15/2019

Overview / Comments

Qualified investors are extended the opportunity to acquire a 2018 construction Dollar General in McClure, Ohio. The original lease term is fifteen (15) years with no termination rights and three (3) five (5) year extension options.

The 1.7 acre site is strategically positioned in the core of the McClure business district surrounded by critical community services such as the United States Postal Service and McClure Public Library. The area is surrounded by residential neighborhoods, schools, churches, restaurants, professional services and various businesses.

McClure, Ohio is a rural village located in Henry County, 15.6 miles West of Bowling Green and 40 Miles Southwest of Toledo. The nearest Dollar General is 6.4 miles to the east. The nearest IGA is located 8.5 miles to the north. Walmart is 11 miles to the west, and Kroger is located 16.4 miles to the west. The lack of immediate competition positions Dollar General for success in the rural setting, which is consistent with their company strategy.

Financials

Finance Data Year 2018
Gross Operating Income $81,480 (Annual)

Current Tenants

Tenant Business Name Dollar General

Additional Details

Nearest MSA: Toledo
County: Henry
Tax ID/APN: 360093662361
Zoning: C-1
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: E North Street
Traffic/Vehicle Count: 4,451
Area Description: Toledo is a city located in the state of Ohio. It serves as the county seat of Lucas County. It is the fourth most populous city in Ohio. The city’s economy has long revolved around the manufacturing of glass, which has led to the nickname “The Glass City.” Toledo is in northwest Ohio, at the western end of Lake Erie bordering the state of Michigan. The city was founded in 1833 on the west bank of the Maumee River, and originally incorporated as part of Monroe County, Michigan Territory. It was re-founded in 1837, after conclusion of the Toledo War, when it was incorporated in Ohio. Various redevelopment projects have drawn residents back to the city. One popular family destination since 2002 is Fifth Third Field, a minor-league baseball park ranked among the best venues by Baseball America and others. The multi-purpose Huntington Center, opened in 2009, hosts the Toledo Walleye ECHL ice hockey team and the Toledo Crush of the Legends Football League. It also is the site of live performances of musicians and World Wrestling Entertainment. The University of Toledo is influential in the city, contributing to the prominence of healthcare as the city’s biggest employer. The metro area contains four Fortune 500 companies: Dana Holding Corporation, Owens Corning, The Andersons, and Owens Illinois. HCR Manor Care is a Fortune 1000 company headquartered in Toledo. One SeaGate is the location of Fifth-Third Bank’s Northwest Ohio headquarters.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 902 2,426 5,846
Median Age: 37.11 38.98 38.17
Households: 352 906 2,224

Contact

Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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