Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

Robert Bender

Managing Partner

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PROPERTY ADDRESS

619 W. 3rd St., Ottoville, OH 45876

PROPERTY INFORMATION

Price:
$1,267,066
Cap Rate:
6.75%
Term Remaining:
13+ years Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • 9,026 SF Dollar General Store on 1.24 Acres
  • Absolute NNN 15 Year Lease with No Landlord Responsibilities
  • Four, Five Year Options | 10% Rent Increases at Each Option
  • Corporate Guarantee | “BBB” S&P Rating

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a newer Dollar General store located at 619 W. 3rd Street in Ottoville, OH. This fifteen year absolute NNN lease has no landlord responsibilities and four, five year options with ten percent rent increases every five years. The lease also has a corporate guarantee from Dollar General which has a “BBB” S&P rating and is classified as Investment Grade.

The subject property is conveniently located in downtown Ottoville where the population within ten miles exceeds 22,200 residents. The medi-an home value within three miles exceeds $159,000 and the average household income within three mile exceeds $80,000. There is no competitive retail surrounding this subject property.