CAP Rate: 6.80%
Net Operating Income: $89,962
Year Built: 2018
The subject offering is an absolute NNN leased Dollar General in Windham, Ohio. There are over 9 years remaining on the initial term. The NNN lease calls for zero landlord obligations. The tenant has five, 5 year options to renew and 10% increases in rent every 5 years.
Windham is part of the Akron Metropolitan Statistical Area. Owing to its location, which is slightly closer to Youngstown than Akron and significantly closer to Warren (at 12.8 miles (20.6 km) away, even closer to Windham than the county seat of Ravenna), the village also positions itself in relation to cities in the Youngstown-Warren-Boardman, OH-PA Metropolitan Area.