Dollar General | New Construction 17505 Ohio 47

Graystone Capital Advisors is pleased to present the Exclusive Listing of a Dollar General in Sidney, Ohio. Nearly 12 years remain on a 15 year, absolute net lease, with zero landlord responsibilities. All operating expenses, including capital expenditures are the tenant’s responsibility. The lease has three, five year options with a 10% rent increase each option.
There is Corporate Guaranty from Dollar General, an investment grade tenant with an S&P Rating of BBB. Dollar General is an extremely stable tenant with a Market Capitalization of $32+ Billion. In 2023, the company generate $37.8 Billion in revenue with $4 Million in EBITDA.
The 9,100 building sits on 2.33 Acres on OH-47 (4,300 VPD), a major thoroughfare running parallel to I-75 (49,000+ VPD) and connecting to OH-29. The building was newly constructed in 2021 with 300 feet of frontage on OH-47 and 39 parking spaces.
Sidney, Ohio is Dollar General’s ideal target market as 70% of Dollar General stores are in neighborhood settings in cities and towns of about 20,000 Residents. Sidney has approximately 20,400 residents with a total of 23,505 people within a 5-mile radius of the Subject. Within a 1-Mile radius the average household income is strong of $112,515. Sidney is also strategically positioned between several of Ohio and Indiana’s major cities such as Columbus, Fort Wayne, Cincinnati and Indianapolis. Major companies supporting the local economy as Honda of America Manufacturing, Inc., Airstream, Copeland, Wilson Health, Continental Express Inc, and others.