635 Anderson Ave Cincinnati, OH 45244
New Dollar General in Cincinnati, OH with long-term NNN lease.
Building Details
- Year built
- 2025
Source:
Fortisnetlease
Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Dollar General Investment Property
This property features a 10,640 square foot Dollar General Plus store in Cincinnati, Ohio, scheduled for completion in February 2025. The building will feature upgraded architecture. The property is positioned on Old State Route 74, which sees 11,740 cars per day, and is easily accessible from State Route 32 (22,576 cars per day) and I-275 (63,991 cars per day). The surrounding area has a growing population; the population within a 5-mile radius is 111,716, and the average household income within 1 mile is $66,694 per year. The property is secured with a 15-year absolute NNN lease, offering zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a “BBB” credit rating, classified as investment grade. This property is suited for a 1031 exchange buyer or a passive investor seeking fee simple ownership. The investment offers continued success due to the financial strength and proven profitability of Dollar General. The list price reflects a 6.40% cap rate based on an NOI of $144,372.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.344379
- Latitude
- 39.075393
Nearby Similar for Lease
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General in Cincinnati, OH with long-term NNN lease.
Where is this grocery and convenience store located?
The property is located at 635 Anderson Ave Cincinnati, OH.
What are key features of this property?
This property features: - Brand new 2025 build-to-suit Dollar General Plus store with upgraded architecture, secured by a 15-year absolute NNN lease.; - Corporate guaranty from Dollar General Corporation, an investment-grade tenant with a 'BBB' credit rating.; - Attractive 6.40% cap rate based on a net operating income (NOI) of $144,372.