Available Properties
Dollar General – Gibsonburg, OH
- 620 N Main St - Gibsonburg, OH 43431
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $893,527
- 8.25%
- 5.5+ Years
- NN+ Lease
- Corporate Guarantee
Highlights
- Available as a package with Dollar General Store #9911 at 385 W Airport Hwy Swanton, OH 43558
- Dollar General has successfully operated at this location for nearly 20 years
- This is Dollar General’s preferred 9,100 SF Footprint Store
- Limited competition in Gibsonburg, this is the only discount retailer serving Gibsonburg
- Tenant is paying a fixed large monthly common area maintenance allowance of $488/Month
- Tenant is responsible for the Taxes, Insurance and all HVAC Repairs under $1,000 annually
- Tenant reimburses landlord for 100% of the snow removal costs each year
- Dollar General Exercised their option to renew this lease 2 months early
Sale Description
AMC Real Estate Investment Services is pleased to offer for sale this Dollar General in Gibsonburg, OH. Dollar General has occupied this subject property since 2005 and is set to extend their lease for an additional 5 years in this coming May. Dollar General in on a NN Lease at the subject property allowing for the landlord to incur practically no expenses throughout their ownership. This property has had new HVAC Units installed in the past 2 years.
Gibsonburg is 21 Miles from Toledo, OH and 32 Miles from Sandusky, OH.
This property can sold as a package with https://www.crexi.com/properties/1726141/ohio-dollar-general-toledo-msa another Dollar General near the Toledo MSA with around 5 Years remaining on the lease. This store is being offered for sale at $772,725 at an 8.55% Cap Rate.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
3,613 |
$68,289 |
|
5 Mile |
6,671 |
$70,358 |
|
10 Mile |
26,995 |
$67,009 |
