Dollar General - Net Lease Property for Sale
Cleveland Heights, OH
Key Investment Metrics
Price
$1,250,000
Cap Rate
7.3%
Net Operating Income
$91,250
Building Size
8333 SF
Lot Size
8,333 SF
Remaining Term
7.8 years
Lease Expiration
09/30/2033
Lease Term
10 years
Lease Commencement
09/18/2023
Lease Type
NN+
Year Built
2012
Occupancy
100%
Tenancy
Single
Rent Increases
10% at options
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Cleveland Heights, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 8333 square feet of building space and was built in 2012.
With a cap rate of 7.3%, this Dollar General net lease property offers stable income potential. The asking price is $1,250,000, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Cleveland Heights, OH Market Overview
Located in Cleveland Heights, OH, this Dollar General property benefits from strong local demographics and market fundamentals. The Cleveland Heights area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.