Cap Rate: 5.25%
Net Operating Income: $95,862
Square Footage: 9,026
Lot Size: 1.5 AC
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with a newly executed absolute NNN lease in Mineral City, OH.
This is a absolute NNN lease calls for zero landlord obligations. The tenant has four, 5 year renewal options with 10% increases. This Dollar General is brand new construction. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
The village of Mineral City was founded in 1853 and named after the “abounding of minerals” near the original town sites.
It is located on State Route 800 at the Northwest edge Tuscarawas County, Ohio. The village is home to several businesses including Steineck’s Donuts and Cakes and recently welcoming JA’s Auto Service and Dollar General.
As a small village they have proudly maintained and supported a strong volunteer Fire/EMS department. The Village of Mineral City Volunteer Fire Department not only serves the residents of the village but also Sandy Township and assists surrounding areas.