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981 State Route 7 N
Pierpont, OH 44082

$1,213,804 USD

Freestanding For Sale  •  9,100 SF

Property Details

• Property Type Freestanding
• Total Building Size 9,100 SF
• Lot Size 1.5 AC
• Building Class B
• Year Built 2020
• Cap Rate 7.65 %
• Tenancy Single
• Zoning C

10 Walk Score

Highlights

2020 Build-to-Suit: Construction for Dollar General with ± 8.5 years remaining on an initial 15-year absolute NNN lease.

Attractive Return: 7.65% return on a stabilized investment-grade credit tenant.

Tourist Proximity: Close to Pymatuning State Park and Pineview Campgrounds, generating consistent consumer traffic and supporting surrounding retail d

Strategic Location: Pierpont, OH, is located 17 miles southeast of Ashtabula, OH, and 35 miles southwest of Erie, PA.

Investment-Grade Credit: Dollar General boasts an investment-grade credit rating of BBB (S&P).

National Expansion: Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.

Cap Rate:

7.65 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General		1/26/2035

Public Transportation

Airport	Drive	Walk	Distance
Erie International/Tom Ridge Field	54 min	-	38.4 mi