26929 OH-159 - Convenience Store FOR SALE


Circleville, OH 43113
$2,216,000 USD
26929 OH-159, Circleville, OH for Sale
$2,216,000 USD
Convenience Store - FOR SALE
1/3
null | 6.5% Cap Rate

26929 OH-159
Circleville, OH 43113


HIGHLIGHTS

  • Corporate-guaranteed 15-year NNN lease with Dollar General
  • 5% rent increases every 5 years through lease and options
  • Located in affluent Circleville with $107K avg household income
  • Positioned within Columbus MSA, Ohio’s largest metro
  • Zero landlord responsibilities across all lease terms
  • DG Market format includes fresh grocery offerings

OVERVIEW

2025 NEW CONSTRUCTION DOLLAR GENERAL MARKET ON A 2.68 ACRE SITE • 10,640 SF upgraded construction Dollar General Market located in Circleville, OH. • DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This Dollar General is open, and rent commenced in August of 2025. 15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM & OPTIONS • This property features a 15-year corporate guaranteed NNN lease with Dollar General 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. 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 MI HHI OF $107,787 • This Dollar General is located in an affluent market with an average household income of $107,787, which is higher than most Dollar Generals. 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. CIRCLEVILLE, OH | COUNTY SEAT OF PICKAWAY COUNTY • Circleville is located 30 miles south of Columbus and serves as the county seat of Pickaway County. It is part of the Columbus MSA. • Circleville has a strong industrial and healthcare base with major employers including DuPont (500+ employees), Sofidel America (700+ employees), OhioHealth Berger Hospital (240+ employees), and large distribution centers for Amazon (1,500+ employees) and Bath & Body Works (2,000+ employees). • Home to Ohio Christian University (1,500 students) and Pickaway-Ross Career & Technical Center, which provides workforce training in healthcare, technology, and skilled trades.

FOR SALE DETAILS

PRICE

$2,216,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | Columbus, OH MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

K25-0-002-00-141-00

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