Dollar General NNN Property For Sale — Pierpont, OH
981 State Route 7 N, Pierpont, OH
This Dollar General property, built in 2020, offers an attractive investment opportunity with approximately 8.5 years remaining on an absolute NNN lease. Located near Pymatuning State Park and Pineview Campgrounds, the property benefits from consistent consumer traffic generated by these major tourist destinations. Situated in Pierpont, OH, 17 miles southeast of Ashtabula, OH, and 35 miles southwest of Erie, PA, the location benefits from minimal competition, allowing Dollar General to maintain a dominant market position. Dollar General boasts an investment-grade credit rating of BBB (S&P) and operates over 20,000 locations with plans for continued expansion. The company has proven to be a profitable and essential retailer, demonstrating strong performance through various economic conditi…
- Address: 981 State Route 7 N, Pierpont, OH
- Asking price $1.21M
- 7.65% cap rate
- NOI $92,856
- 8.5 years remaining
- NNN lease
- Year built: 2020
- Building size: 9,100 SF
- Lot size: 1.48 acres
- Lease expiration: Jan 31, 2035
- Rent increases: 2/1/2035-1/31/2040: 10% increase; 2/1/2040-1/31/2045: 10% increase; 2/1/2045-1/31/2050: 10% increase
- Guarantor: Corporate
Location
This Dollar General property is at 981 State Route 7 N in Pierpont, Ohio.
Asset type: Retail