3-Unit Dollar General
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3-Unit Dollar General
3 Retail Properties Offered at $4,002,328 in Multiple Locations
Investment Highlights
- Seller Financing: 4.50% interest, 9-year term, 25-year amortization
- Average remaining lease term is 9.89 Years
- 3, Absolute NNN Lease Dollar General Stores; no landlord responsibilities
- Credit rated national tenant (BBB S&P, Baa2 Moody's)
Executive Summary
RIPCO REAL ESTATE is pleased to offer for sale a DOLLAR GENERAL PORTFOLIO, consisting of three (3) single tenant, absolute net lease dollar stores. The properties are located in Huron and Prospect, Ohio, and Athens, Pennsylvania.
These sites are being offered with favorable seller financing terms. 4.50% Interest Rate | 20 Year amortization, which provides a cash-on-cash return of 6.11% and attractive principal reduction throughout term; more details on the next page of this offering package.
The average remaining lease term on all three leases is 9.00 years. These sites are in ideal Dollar General markets, with limited competition and ideal demographics for top site performance.
With a strong national tenant backed by a corporate lease, this portfolio is ideal for investors seeking a national retailer with strong credit (BBB S&P, Baa2 Moody’s). Landlord benefits from an absolute NNN lease with no landlord responsibilities.
These sites are being offered with favorable seller financing terms. 4.50% Interest Rate | 20 Year amortization, which provides a cash-on-cash return of 6.11% and attractive principal reduction throughout term; more details on the next page of this offering package.
The average remaining lease term on all three leases is 9.00 years. These sites are in ideal Dollar General markets, with limited competition and ideal demographics for top site performance.
With a strong national tenant backed by a corporate lease, this portfolio is ideal for investors seeking a national retailer with strong credit (BBB S&P, Baa2 Moody’s). Landlord benefits from an absolute NNN lease with no landlord responsibilities.
Property Facts
| Price | $4,002,328 | Number of Properties | 3 |
| Price / SF | $146.61 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 27,300 SF |
| Sale Type | Investment NNN | Total Land Area | 7.86 AC |
| Status | Active |
| Price | $4,002,328 |
| Price / SF | $146.61 / SF |
| Cap Rate | 7% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 27,300 SF |
| Total Land Area | 7.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7000 State Rte 61, Huron, OH 44839 | Retail | 9,100 SF | 2018 | - |
| 2857 Prospect Mount Vernon Rd W, Prospect, OH 43342 | Retail | 9,100 SF | 2018 | - |
| 29650 US Highway 220, Athens, PA 18810 | Retail | 9,100 SF | 2018 | - |
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3-Unit Dollar General
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