Dollar General NNN Retail
For Sale
Contact for pricing
240 N 2nd St, Frankfort, OH 45628
Corporate-guaranteed retail asset with an absolute NNN lease and renewal options.
Property Size9,026 SF
Days on Market142
Property Features for 240 N 2nd St
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Net Operating Income
$94,464
Additional Details
Cap Rate
5.15%
Traffic Count
2,466 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 12:20PM
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.
Located at 240 N 2nd St in Frankfort, Ohio, this 9,026-square-foot Dollar General store has operated since May 2021. The property is subject to a 15-year absolute NNN lease, with four additional five-year renewal options and 10% rent increases during each option period. The structure places no landlord responsibilities on the property owner as described in the lease terms.
The store is positioned along 2nd St, which records 2,466 cars per day. The surrounding market includes a 10-mile population of 26,130. Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade. The offering reflects a 5.15% cap rate based on the stated NOI.
The store is positioned along 2nd St, which records 2,466 cars per day. The surrounding market includes a 10-mile population of 26,130. Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade. The offering reflects a 5.15% cap rate based on the stated NOI.
Key Highlights
- 9,026 SF Dollar General store operating since May 2021
- 15‑year absolute NNN lease with zero landlord responsibilities
- Four 5‑year renewal options, each providing a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
2,466 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 45628, OH
5,429
Population
2,450
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
92%
High-School Grad
75.8 sq mi
ZIP Area
72
Density / Sq Mi
$69,786
Median Household Income
$39,968
Median Earnings
$936
Median Rent
$167,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed retail asset with an absolute NNN lease and renewal options.
Where is this nnn property located?
The property is located at 240 N 2nd St Frankfort, OH.
What are key features of this property?
This property features: 9,026 SF Dollar General store operating since May 2021; 15‑year absolute NNN lease with zero landlord responsibilities; Four 5‑year renewal options, each providing a 10% rental rate increase
