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The subject property is a new build to suit freestanding Dollar General located in Johnstown, Ohio. Johnstown is 25 miles northeast of Columbus. The property is located near the intersection of U.S. Highway 62 and U.S. Highway 37. There are several residential neighborhoods surrounding the property, as well as several office/industrial facilities. Traffic generators in the area include Johnstown Town Square (local retail shops), CVS Pharmacy, Kroger Supermarket, Domino’s Pizza, Goodyear Tire, Marathon Gas, and Sunoco Gas.

Tenant: Dollar General
Dollar General is a Fortune 500® discount retailer with 8,205 stores as of June 1, 2007. Dollar General stores offer convenience and value to customers, by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices. The Company stores are concentrated in under served rural and urban neighborhoods. Thirty percent of their merchandise is priced at $1 or less. Dollar General Corporation operated as a public company from 1968 until July 6, 2007. At that time, an investment group consisting of affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), GS Capital Partners (an affiliate of Goldman Sachs), Citi Private Equity and other co-investors completed an acquisition of Dollar General Corporation for a total enterprise value of $7.3 billion.

 
   
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