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Miamisburg, OH - Dollar General
27 E Linden Avenue | Miamisburg, OH 43542
$710,000
Price7%
Cap Rate$49,693
NOI7,814
± SF Offering GLADescription
SRS Real Estate Partners in collaboration with Hoty Enterprises, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, investment grade (S&P: BBB), Dollar General investment property located in Miamisburg, Ohio (Dayton MSA). The tenant recently executed a brand new 6-year lease, demonstrating their commitment to the site. The lease features rental increases every 2 years throughout the initial term, growing NOI and hedging against inflation. Dollar General has occupied the site since 1997 and has become a permanent fixture within the community of Miamisburg. The lease is signed by the corporate entity (S&P: BBB) and is NN leased with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized, established discount store currently operating more than 17,100 locations.
Location
Dollar General is strategically located at the signalized, hard corner intersection of E. Linden Avenue and S. 1st Street, averaging a combined 15,500 vehicles passing by daily. Additionally, the site is within 1 mile to Miamisburg Plaza, a 114,000 SF shopping center anchored by Big Lots, Ace Hardware, and Goodwill. Other nearby national/credit tenants within the trade area include Kroger, Walgreens, O’Reilly Auto Parts, CVS Pharmacy, AutoZone, Chase Bank, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for Dollar General. Furthermore, the subject property is within close proximity to numerous housing communities including Miamisburg Manor (50 units), Valley Glen Apartments (48 units), and Bleacher Place (35 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 85,000 residents and more than 43,100 daytime employees with an average household income of $76,103.
Documents & Links
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 Offering Memorandum |  |  |