Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Milwaukee
$1,185,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,206
Units 1
Cap Rate 7.35%
NOI $87,073
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/30/2034
Remaining Term 8.6
Rent Bumps Yes
Lease Options Four 5-Yr
Price per SqFt $129
Broker Co-Op Yes
Year Built 2019
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/08/2019
Occupancy Date 12/08/2019
Ground Lease No
Abs Net DG | 9 Yrs Remaining
Investment highlights
- Absolute NNN Lease Through December 2034 – Zero Landlord Responsibilities
- Built-To-Suit in 2019
- Corporate Guarantee – Over 20,000 locations
- Only Dollar Store in Truman and 17 Miles from Next Dollar General
Listing Contacts
Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Milwaukee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,073.00
$7,256.08/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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