CAP Rate: 6.65%
Net Operating Income: $93,973
This is the unique opportunity to purchase a corporately guaranteed Dollar General asset with a newly executed absolute NNN lease in Elmore, Ohio.
This is a new 15 year lease calling for zero landlord obligations. The tenant has four 5 year renewal options with 10% increases. The building is newly constructed. This is an ideal opportunity for a passive investor looking for a long-term stable investment.
Elmore is a village in Ottawa and Sandusky counties in the U.S. state of Ohio. The Ottawa County portion of Elmore is part of the Toledo Metropolitan Statistical Area, while the Sandusky County portion is part of the Fremont Micropolitan Statistical Area.