628 Erie St Antwerp, OH 45813
NNN Dollar General with investment grade credit rating.
Building Details
- Year built
- 2013
Source:
Legacycrea
Listing Agent: Joe Shamoun
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Freestanding Dollar General NNN Investment
This freestanding Dollar General property, constructed in 2013, features 9,100+ square feet of space on a 1.25-acre lot with 30 parking spaces. The property is subject to a long-term, 15-year absolute NNN lease, with approximately 6 years remaining on the base term. Situated on Erie St, a major north/south thoroughfare near Hwy 24, the major east/west thoroughfare, the location benefits from high traffic volume, with over 15,800 vehicles passing the site daily. Dollar General has demonstrated consistent growth with 33 consecutive quarters of same-store sales growth and 2021 revenues exceeding $34 billion, with $2.4 billion in net income. Located in Antwerp, OH, which is 24 miles east of Fort Wayne, IN, the property benefits from the Fort Wayne MSA, ranked #130 in the US, hosting over 423,000 residents. Dollar General holds an investment-grade credit rating of "BBB" with S&P and a positive/stable outlook, with store count increasing year over year.
Location Intelligence
Current Use by Public Records
FedEx OnSite
Postal Service
Dollar General
Discount Store
Location Insight
- Map
- Local Demand
- City
- Antwerp
- County
- Paulding
- State
- Ohio
- Longitude
- -84.73613
- Latitude
- 41.1724605
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General with investment grade credit rating.
Where is this grocery and convenience store located?
The property is located at 628 Erie St Antwerp, OH.
What is the asking price?
The asking price for this property is $1,202,000.
What are key features of this property?
This property features: - Long term absolute NNN lease with approximately 6 years remaining on the base term, great for out-of-state investors.; - Strong financial performance of tenant, Dollar General, indicates a stable tenant.; - Investment grade credit rating: Dollar General holds a 'BBB' credit rating with S&P, ensuring a reliable corporate guaranty.
