17 Gamble St, Shelby, OH 44875-1507

This exceptional investment opportunity features a 10,640-square-foot Dollar General grocery store in Shelby, Ohio. Located at 17 S Gamble St, 44875, this single-story building sits on a 0.34-acre lot and boasts a strong 7.72% cap rate. The property benefits from a triple-net (NNN) lease with a corporate guarantee, providing significant financial security. The current lease, with a remaining term of 4.6 years, includes two 5-year renewal options with 10% rent increases each. The tenant, Dollar General, is a publicly traded company (NYSE: DG) with an investment-grade credit rating of 'BBB' from S&P, demonstrating financial stability and consistent growth. The store has a long operating history at this location, exceeding 21 years, and consistently ranks in the top 14% of all Dollar General locations nationwide in terms of customer visits. The property's prime location in downtown Shelby, near OhioHealth Shelby Hospital and other national retailers such as Save-a-Lot, Subway, and McDonald's, ensures high visibility and consistent traffic. Shelby is currently undergoing a revitalization project, including the construction of a new Black Fork Commons Plaza, enhancing the area's appeal and attracting more visitors. This investment offers a compelling combination of strong tenant performance, a favorable lease structure, and a prime location within a growing community. The asking price is $630,000, translating to $59.21 per square foot. The property's NOI is $48,662. The lease commenced on January 28, 2002, and is set to expire on June 29, 2029.