15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM & OPTIONS
• The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in the initial lease term and in each of the five, 5-year option periods.
2025 NEW CONSTRUCTION OHIO DOLLAR GENERAL ON 2.77 ACRES
• This store is open and rent commenced in August 2025.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment-grade credit rating of BBB.
• The company currently operates over 21,000 locations and plans to open 575 new stores in US & 15 in Mexico.
• Dollar General has been in business for 86 years and has a current net worth exceeding $18.16 billion.
AFFLUENT MARKET WITH 5 MILE HOUSEHOLD INCOME $107,588
• This Dollar General is located in an affluent market with an average household income of $107,588, which is higher than most of Dollar General’s locations.
COLUMBUS, OH MSA | LARGEST MSA IN OHIO
• Columbus is the state capital and the most populous city in the state of Ohio with a metropolitan area of over 2 million people.
• The city has a diverse economy based on education, government, insurance, banking, defense, aviation, food, clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology.
• As of 2025, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, Bath & Body Works, Nationwide, Bread Financial, and Huntington Bancshares.
• Columbus is the home of two public colleges: Ohio State University (61,443 students), one of the largest college campuses in the United States, and Columbus State Community College (27,621 students).
• Home to John Glenn Columbus International Airport that supports nearly 9.2 million passengers per year.
• According to the Federal Reserve Bank of St Louis, the GDP of Columbus in 2024 was $182 billion.