980 Kilbourne StBellevue, OH 44811

Property Details for 980 Kilbourne St

Year built

2024

Lot size

2.33 AC

Property size (Sq ft)

10,640 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee simple interest in a brand-new, 10,640 square foot Dollar General store located at 980 Kilbourne St, Bellevue, OH 44811. The property sits on a 2.33-acre lot and boasts a 15-year absolute NNN lease with Dollar General Corporation, a financially strong tenant with over $38 billion in annual revenue. The lease, signed by Dolgen Midwest LLC, a major operating subsidiary, features built-in 5% rent bumps commencing in year six and recurring every five years thereafter, providing a hedge against inflation. The current cap rate is 6.65%, projected to increase to over 7% in year six. This is a hands-off investment

Location Insight

City

Bellevue

County

Sandusky

State

Ohio

Latitude

41.2624

Longitude

-82.8623

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