Dollar General - Recent Lease Extension

PRICE REDUCED! NOW OFFERED AT $1,150,242 / 7.75% CAP!

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a Dollar General property in Sylvania, DeKalb County, Alabama.​ The building was a build to suit for Dollar General in 2009 and consists of approximately 9,014 square feet on 1.03 acres.​ Dollar General’s original fifteen (15) year lease commenced in 2009.​ Indicating a strong commitment to the site, Dollar General early exercised their first five (5)-year renewal option in May 2022, more than two years in advance, at the contractual renewal option rental rate of a ten percent (10%) increase.​ The newly extended lease expires 8/31/2029 providing more than five years of remaining term.​

Located in far northeastern Alabama, although settled in the mid-1800s, Sylvania wasn’t incorporated until 1967.​ Sylvania is sixty (60) miles east/southeast of Huntsville, Alabama and one hundred twenty (120) miles northwest of Atlanta, Georgia.​ The population of Sylvania has doubled since 1990 to approximately 2,000 residents.​ The closest Family Dollar/Dollar Tree is more than six miles away providing virtually no local competition for the store.​

Dollar General is a publicly traded company (NYSE: DG) and an investment grade tenant (S&P: BBB).​ Headquartered in Goodlettsville, Tennessee, Dollar General’s gross revenue for 2023 exceeded $38.7 billion with operating profit of $2.4 billion.​ Dollar General operates mor than 19,000 stores and had plans to open 800 more and remodel an additional 1,500 stores in 2024.​

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  Price reduced to $1,150,242 / 7.75% cap!

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  Tenant early exercised their firsts five (5) year renewal term at the contractual 10% increase through August 31, 2029 providing more than five years of remaining term

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  Very low rental rate of $9.89 per square foot provides for long-term affordable and sustainable rental payments

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  Fifteen years of continual occupancy

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  Four (4) remaining five (5)-year renewal options with 10% increases each

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  No local dollar store competition

Note: Cover photo is a representative image of a building similar in construction, signage and appearance to the Subject Property. The photo on page 7 of the Offering Memorandum is of the actual site.