980 Kilbourne st - Freestanding FOR SALE


Bellevue, OH 44811
$2,046,000 USD
216-381-8200
980 Kilbourne st, Bellevue, OH for Sale
$2,046,000 USD
Freestanding - FOR SALE
1/3
null | 6.65% Cap Rate

980 Kilbourne st
Bellevue, OH 44811


HIGHLIGHTS

  • Strong Guarantor - Dollar General Corp., $38B Annual Revenue
  • Long Term Lease - New 15 Year Base Term With Increases Starting Yr. 6
  • Thriving Residential Area - Over 8,000 Residents in Bellevue
  • New Building Prototype - Bran New Prototypical Dollar General
  • Hands Off Lease - 100% NNN Lease With No Landlord Obligations
  • Large Parcel - 2.33 AC Parcel Offers Excellent Future Intrinsic Value

OVERVIEW

For sale to qualified investors is the fee simple interest in the brand-new, corporately guaranteed, Dollar General Market in Bellevue, Ohio. The true-NNN lease is corporately guaranteed by Dollar General Corporation, the largest “dollar store” concept in the United States with annual revenue over $38 Billion, and is signed by Dolgen Midwest LLC, a major operating subsidiary of the guarantor. The lease features an initial term of 15 years and is hands-off to the landlord. Dollar General is responsible for all maintenance, repairs, and replacements throughout the term of the lease. Built-in base rental increases of 5% begin in year 6 and continue every 5 years throughout the initial term and options, adding a hedge against inflation. In year 6, the cap rate jumps to over 7%, providing an exceptional return for a credit-rated, hands-off asset. The property is located in Bellevue, Ohio, which has over 8,000 residents, making it one of the larger residential markets where Dollar General does business. This offers the investor a rare ability to acquire a brand new Dollar General serving over 8,000 local residents along with a 15 year firm credit-rated guaranty.

FOR SALE DETAILS

PRICE

$2,046,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.86 AC

LAND SF

342,409 SF

ZONING

-

APN/PARCEL ID

01-35-00-0001-00

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.