New Dollar General Investment
For Sale
Contact for pricing
9884 Cadiz Rd, Cambridge, OH 43725
New Dollar General Plus store in Cambridge, Ohio for sale.
Property Size10,640 SF
Price / SF$203.19
Days on Market176
Property Features for 9884 Cadiz Rd
General Information
Standard status
Active
Size
10,640 SF
Total Parking Spaces
31
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$145,932
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
31
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 11 at 4:08PM
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.
A new 10,640 square foot Dollar General Plus store is under construction in Cambridge, Ohio, with completion and rent commencement scheduled for February 2026. The property is subject to a 15-year absolute NNN lease, offering zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including renewal options, and is corporately guaranteed by Dollar General Corporation, which holds an investment-grade credit rating of “BBB”. The store is positioned on Cadiz Road (Highway 22), with a traffic count of 5,303 cars per day, and is located just off the I-77 exit, which sees 21,832 cars per day. The surrounding area has a 10-mile population of 31,178 and a 3-mile average household income of $61,515 per year. This Dollar General is located at 9884 Cadiz Rd, Cambridge, OH 43725. The offering presents an opportunity for a 1031 exchange buyer or a passive investor to acquire fee simple ownership of a Dollar General store. The investment offers continued success due to the financial strength and profitability of the tenant. The list price reflects a 6.50% cap rate based on an NOI of $145,932.
Key Highlights
- Brand new 2026 Dollar General Plus store with a 15‑year Absolute NNN Lease
- Corporately guaranteed lease by Dollar General Corporation (rated "BBB" - Investment Grade)
- Attractive 6.50% cap rate based on a Net Operating Income (NOI) of $145,932
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
$108,815
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
5.03%
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%
$2,176,300
$2.2M
Cap Rate 7%
$1,554,500
$1.6M
Cap Rate 9%
$1,209,056
$1.2M
Market Conditions
NOI Build-Up for 10,640 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
$159.6K $15.00/SF
− Vacancy
−$4.1K −$0.39/SF
EGI
$155.5K $14.61/SF
− OpEx
−$46.6K −$4.38/SF
NOI
$108.8K $10.23/SF
Area
Guernsey County, OH
Vacancy
2.60%
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%
$2,176,300
Cap Rate 7%
$1,554,500
Cap Rate 9%
$1,209,056
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,815 @ 7.0% cap · market cap 5.03%
Second Best
Specialty Retail
$633.1K
$554.0K – $738.7K
NOI $44,319 @ 7.0% cap · market cap 2.05%
Theoretical Best
Mixed Use
$2.47M
$2.16M – $2.89M
NOI $173,122 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
BP
Shops & Services
10,144 visits/mo
0.5 miles
SUBWAY
Dining
1,596 visits/mo
0.5 miles
Demographics for 43725, OH
19,520
Population
9,667
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
124.2 sq mi
ZIP Area
157
Density / Sq Mi
$51,612
Median Household Income
$35,781
Median Earnings
$789
Median Rent
$160,400
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?
Grocery and convenience store - New Dollar General Plus store in Cambridge, Ohio for sale.
Where is this grocery and convenience store located?
The property is located at 9884 Cadiz Rd Cambridge, OH.
What is the asking price?
The asking price for this property is $2,161,956.
What are key features of this property?
This property features: Brand new 2026 Dollar General Plus store with a 15‑year Absolute NNN Lease; Corporately guaranteed lease by Dollar General Corporation (rated "BBB" - Investment Grade); Attractive 6.50% cap rate based on a Net Operating Income (NOI) of $145,932
