Dollar General NNN Property For Sale — Lucasville, OH
12331 Sr 348, Lucasville, OH 45648
This offering presents an exceptional opportunity to acquire a Dollar General store, strategically located in Lucasville, OH. The property boasts a long-term, absolute NNN lease with zero landlord responsibilities, making it a truly passive investment. The lease commenced in November 2016 and extends through November 2031, with attractive rental increases structured throughout the renewal options. Situated at a prominent intersection with high traffic counts, the location benefits from a solid demographic profile, including a substantial 20-mile population and a consistent average household income, ideal for Dollar General's customer base. Dollar General, a leading national discount retailer, maintains a robust presence across the U.S., known for its convenient locations, affordable prici…
- Address: 12331 Sr 348, Lucasville, OH 45648
- Asking price $1.25M
- 6.24% cap rate
- NOI $87,712
- 5.2 years remaining
- NNN lease
- Year built: 2016
- Building size: 9,100 SF
- Lot size: 3.39 acres
- Lease expiration: Nov 30, 2031
- Rent increases: Three successive five-year renewal options with rent increases. First renewal: $8,040.27/month (6.87% cap rate). Second renewal: $8,844.29/month (7.55% cap rate). Third renewal: $9,728.72/month (8.31% cap rate).
- Guarantor: Corporate
Location
This Dollar General property is at 12331 Sr 348 in Lucasville, Ohio.
Asset type: Retail