New Dollar General Investment
635 Old State Rte 74 Anderson, Cincinnati, OH 45244
New Dollar General in Cincinnati, OH with long-term NNN lease.
Type:Retail
Property size:
10,640 SF- Added:
- Jan 27, 2026
- Days on Market:
- 109
- Last Refresh:
- Apr 5 at 8:54 pm
Property Features for 635 Old State Rte 74 Anderson
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Bryan Bender License #6501319610 (248) 419-3810
Listing office Fortis Net Lease (248) 419-3810
Listing date Jan 27, 2026
Source Fortisnetlease
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
HighLights
- 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.
- Lease includes 5% rental rate increases every 5 years, including at each of the five 5‑year renewal options.
- Strategic location with high visibility and easy access to major roadways: State Route 32 (22,576 ADTC) and I‑275 (63,991 ADTC).
- Strong demographics with a 5‑mile population of 111,716 and a 1‑mile average household income of $66,694, with steady population growth in the area.
Overview
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
- -84.3444
- Latitude
- 39.0754
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 Old State Rte 74 Anderson Cincinnati, OH.
What is the lease rate?
The lease rate is $2,255,813.
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.
