Cap Rate: 5.25%
Annual Rent: $92,856
Square Footage: 9,100
Lot Size: 1.48 AC
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with an absolute NNN lease in Pierpont, OH.
This is a new 15 year lease calling for zero landlord obligations. The tenant has three, 5-year renewal options with 10% increases. This Dollar General is located at hard-corner and best location in area - previously this site was Pierpont’s original market/convenience store. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
Pierpont is an unincorporated community in central Pierpont Township, Ashtabula County, Ohio, United States. It has a post office with the ZIP code 44082. Served by Area Code 440 Exchange 577. Pierpont is at the intersection of State Routes 7 and 167.