Dollar General NNN
New
For Sale
Contact for pricing
2161 South Columbus Road, Wooster, OH 44691
Corporate-guaranteed retail occupancy supports an absolute NNN structure with defined renewal options.
Property Size9,100 SF
Price / SF$163.99
Days on Market6
Property Features for 2161 South Columbus Road
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$100,728
Site & Location
Corner Location
Yes
Traffic Count
13,353 vehicles/day
Additional Details
Cap Rate
6.75%
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General property in Wooster, Ohio, was built in 2020 and has operated since September of that year. The asset is subject to an absolute NNN lease, placing no landlord responsibilities on the owner under the stated lease structure. The tenant obligation began with a 15-year primary term, with 9.5 years remaining.
The lease provides four 5-year renewal options, each carrying a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB investment-grade credit rating. Positioned at the corner of Old Columbus Road and Shreve Road, the store records 13,353 cars per day. The offering reflects a 6.75% cap rate and may accommodate a 1031 exchange structure.
The lease provides four 5-year renewal options, each carrying a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB investment-grade credit rating. Positioned at the corner of Old Columbus Road and Shreve Road, the store records 13,353 cars per day. The offering reflects a 6.75% cap rate and may accommodate a 1031 exchange structure.
Key Highlights
- 9,100‑square‑foot Dollar General property built in 2020
- Absolute NNN lease with 9.5 years left on the primary term
- Four 5‑year renewal options, each with a 10% rental rate increase
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,537
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,830,740
$1.8M
Cap Rate 7%
$1,307,671
$1.3M
Cap Rate 9%
$1,017,078
$1.0M
Market Conditions
NOI Build-Up for 9,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$136.5K $15.00/SF
− Vacancy
−$5.7K −$0.63/SF
EGI
$130.8K $14.37/SF
− OpEx
−$39.2K −$4.31/SF
NOI
$91.5K $10.06/SF
Area
Wayne County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,830,740
Cap Rate 7%
$1,307,671
Cap Rate 9%
$1,017,078
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,537 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.65M
$5.82M – $7.76M
NOI $465,570 @ 7.0% cap · market cap 31.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13,353 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 44691, OH
44,666
Population
19,369
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
154.9 sq mi
ZIP Area
288
Density / Sq Mi
$71,319
Median Household Income
$37,322
Median Earnings
$881
Median Rent
$216,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed retail occupancy supports an absolute NNN structure with defined renewal options.
Where is this nnn property located?
The property is located at 2161 South Columbus Road Wooster, OH.
What is the asking price?
The asking price for this property is $1,492,266.
What are key features of this property?
This property features: 9,100‑square‑foot Dollar General property built in 2020; Absolute NNN lease with 9.5 years left on the primary term; Four 5‑year renewal options, each with a 10% rental rate increase
