Brand New Dollar General
3355 Liberty Avenue Vermilion, OH 44089
3355 Liberty Avenue, Vermilion, OH, 44089
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For Sale
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Brand new Dollar General secured by a 15-year absolute NNN structure for investors seeking a long-term net lease.
Property Size10,640 SF
Price / SF$206.99
Days on Market53
Property Features for 3355 Liberty Avenue
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
Matthews
Listed by
Chris Naylon · License #CA 01839132
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:50PM Checked: Jul 20 at 6:23AM
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 Matthews
Investment Insights
Based on property information with market context.
This offering is a brand new Dollar General retail property presented as a 15-year absolute NNN investment. The asset is listed as a storefront/retail building and totals 10,640 square feet, positioned as a specialty grocery and convenience style retail use.
The property is located at 3355 Liberty Avenue in Vermilion, Ohio (44089). The listing is specifically marketed as an absolute NNN structure, indicating the tenant obligations are intended to align with a long-duration net lease arrangement.
For investors and buyers focused on net-lease real estate, this property’s key attribute is its 15-year absolute NNN presentation. The combination of a new-to-market Dollar General investment and the stated lease term structure may appeal to those underwriting a retail asset with reduced operating responsibilities relative to non-net arrangements. Interested parties can review the offering details and lease terms associated with the absolute NNN framework to evaluate suitability for their portfolio strategy.
The property is located at 3355 Liberty Avenue in Vermilion, Ohio (44089). The listing is specifically marketed as an absolute NNN structure, indicating the tenant obligations are intended to align with a long-duration net lease arrangement.
For investors and buyers focused on net-lease real estate, this property’s key attribute is its 15-year absolute NNN presentation. The combination of a new-to-market Dollar General investment and the stated lease term structure may appeal to those underwriting a retail asset with reduced operating responsibilities relative to non-net arrangements. Interested parties can review the offering details and lease terms associated with the absolute NNN framework to evaluate suitability for their portfolio strategy.
Key Highlights
- Dollar General new construction (year built: 2026)
- 15‑year absolute NNN lease structure
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.3k | $27.00 |
| − Vacancy | −$12.1k | −$1.13 |
| EGI | $275.2k | $25.87 |
| − OpEx | −$82.6k | −$7.76 |
| NOI | $192.6k | $18.11 |
10,640 SF · lease $27.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.75M
$2.41M – $3.21M
NOI $192,650 @ 7.0% cap · market cap 8.75%
Second Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,842 @ 7.0% cap · market cap 6.99%
Theoretical Best
Multifamily LT 5
$117.09M
$102.46M – $136.61M
NOI $8,196,446 @ 7.0% cap · market cap 372.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Brand new Dollar General secured by a 15-year absolute NNN structure for investors seeking a long-term net lease.
Where is this nnn property located?
The property is located at 3355 Liberty Avenue Vermilion, OH.
What is the asking price?
The asking price for this property is $2,202,400.
What are key features of this property?
This property features: Dollar General new construction (year built: 2026); 15‑year absolute NNN lease structure
