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DG Marketplace

5508-5513 Ridge Rd
Parma, OH 44129

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Sale Price: $2,500,000
Cap Rate: 6.80%
NOI: $170,000
Building Size: 21,566 SF
Lot Size: 2.250 acres
Sale Price $2,500,000
Agents

Vincenzo Calabrese 216-861-5286
Vincenzo Calabrese

Greg Slyman 216-861-5290
Greg Slyman

Highlights

  • Newly signed 10 year NNN lease with Dollar General
  • Three (3) Five (5) year options with 12.5% increase in the first option
  • Dollar General has an S&P credit rating of “BBB”
  • Dollar General has recently signed a new year tenyear term in addition to expanding into 14,879 SF from 9,181 SF. They are currently building out the additional space, along with making improvements to the existing store.
  • Direct Access to Large Population Base with Approximately 325,000 People Within a 5-Mile Radius.

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