Description

This Dollar General property offers a strong investment opportunity secured by a corporate guaranty from Dollar General, an S&P investment grade tenant rated “BBB.” The absolute triple net lease carries zero landlord responsibilities and features six years remaining on the original 15-year primary term, followed by three five-year renewal options with 10% rent increases at each option. Constructed in 2016, the store ranks among the top-performing Dollar General locations nationally, according to Placer.AI (contact broker for details). Located in the Cleveland MSA, the property sits in a thriving area with above-average household income exceeding $82,000 within five miles and a population of over 270,000 within 10 miles. The surrounding community has experienced 3% population growth since 2020, with projections for an additional 4.09% increase through 2029. Positioned in Sheffield Lake—home to Ford’s Ohio Assembly Plant, which employs more than 1,775 full-time workers and recently received a $1.5 billion expansion investment—the property also benefits from proximity to downtown Cleveland, less than 27 miles away. Situated along the shores of Lake Erie, one of the five Great Lakes, the location draws from a strong regional economy and tourism base, with the area attracting more than 11 million annual visitors.