The Boulder Group completed the sale of a single-tenant Dollar General at 1154 Tallmadge Road in Kent, Ohio, for $2,314,000.
The 10,566-square-foot property is positioned along Tallmadge Road (8,100 VPD) and just off State Route 43 (13,500 VPD). It also benefits from its proximity to Interstate 76 which experiences over 60,700 vehicles per day and connects to downtown Akron.
The property benefits from a built-in customer base due to the new Redwood Apartments under construction directly across the street. It is situated in an area with a strong demographic profile, boasting a population of 76,000 within a five-mile radius, surpassing the average for Dollar General locations. The average household income within this radius exceeds $91,000. Additionally, the property is strategically located minutes from national retailers, including Menards, Meijer, Walmart, Lowe’s, Kohl’s, Petco, Chipotle, Panera, Starbucks, and other prominent brands.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a preferred Dollar General developer, and the buyer is a Delaware Statutory Trust.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operates more than 20,000 stores in 48 states.
