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15 Year NNN Lease - Dollar General Corp. Guaranty 550 5th Avenue, Chardon, OH 44024
  • Price $2,636,000
  • Cap Rate 6.6
  • Status Investment Sales Sold

About This Property

For sale to qualified investors is the fee simple interest in the brand-new, corporately guaranteed, pOpshelf retail store located in Chardon, Ohio. The true-NNN lease is corporately guaranteed by Dollar General Corporation, the largest “dollar store” concept in the United States with annual revenue over $38 Billion, and is signed by Dolgen Midwest LLC, a major operating subsidiary of the guarantor. The lease features an initial term of 15 years and is hands-off to the landlord. Construction of the prototypical new pOpshelf was completed in late 2023 and held its grand opening to the public shortly thereafter, thereby offering nearly 15 years of base term remaining. The property is located directly across the street from Walmart Supercenter and nearby other national retailers including The Home Depot, Aldi, Giant Eagle Grocery, Heinen’s Grocery, Tractor Supply, University Hospitals, Chipotle, Starbucks, and more. With access to both 5th Avenue, Meadowlands Drive, and US Highway 6, the location is able to cater to both Chardon’s local population base and shoppers coming from nearly 10 miles away to do business in this county-seat suburb of Cleveland.

550 5th Avenue

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