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NOW OPEN: Dollar General in Batavia/Williamsburg OH (Cincinnati MSA)
Investment Highlights:
-Price: $2,595,000 | Cap Rate: 6.87% (7.21% Blended Yield) | 108% Return of Capital via Investment Grade Corporated Guaranteed Lease
-Brand New 2024 Market Prototype | 12,480-SF on a Large 2.77-AC Parcel | 1 of 129 Relocated Stores in 2023 | Prior Store was top 8% according to Placer.ai
-Proven Top Location | Due to Success in the Market, DG Expanded its Footprint and Relocated Next to Prior Location
-15-Year Absolute NNN Lease with Rare 5% Rent Increases Every 5-Years and in The 3, 5-Year Option Terms
-Tenant is Responsible for Insurance, Taxes, Interior, Exterior, Including Roof, HVAC and Parking Lot
-Boasts High Visibility Along a Main Thoroughfare | Two Access Points and Exposure to 10,200+ VPD
-Proximity to a Dense Industrial Corridor, Which Includes Major Employers like Nestle-Purina Pet Food Plant, General Electric Aerospace, Huhtamaki Packaging, with an Estimated 800+ Employees
-In 2020, Nestle-Purina PetCare Announced Plans to Build a $550M Facility within 3-Miles of Subject Property by 2024, Adding 300 Jobs | Proximity to Williamsburg High School, and Both Batavia Elementary and High School with 2,480+ Total Students & Teachers Combined
-Historical Significance: Williamsburg was the First County Seat, Founded in 1796 | Williamsburg is Located 35 Minutes East of Downtown Cincinnati in Clermont County, One of Fastest Growing Counties in Tri-State Area
-Strong Demographics: Population Exceeds 33,700 Within 10 minute drive-time and growth to continue, +3.50% through 2027.
#marcusmillichap #cre #stnl #1031exchange
Big congrats to Dollar General on the opening of their new DG Market in Williamsburg, OH! We're thrilled to have played a part in bringing this store to life. Here's to many more milestones together!
#GrandOpening #retaildevelopment #realestatedevelopment #construction #retail #buildtosuit #a4realestategroup #dollargeneral #teamwork
📽: @sixfortyaerialsolutions
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