Listed by Marcus & Millichap - South Bay
$1,784,320
Dollar General
Details
APN R0033261
Property Type Retail
Sub Type Commercial
Square Footage 9,100
Cap Rate 7.50%
NOI $133,824
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 03/30/2033
Remaining Term 7
Lease Options Three (5 Year)
Price per SqFt $196
Year Built 2019
Acreage 1.000
Tenant Credit Corporate Guarantee
Lease Commencement 03/25/2018
Ownership Fee Simple
Retail | 7.50% CAP | 9,100 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present the opportunity to acquire the fee-simple interest in a single-tenant Dollar General located at 412 US-101, Rockaway Beach, Oregon 97136. The property is leased to Dollar General Corporation, a BBB credit-rated tenant, offering investors secure, long-term income backed by a nationally recognized, necessity-based retailer.
The freestanding retail building was constructed in 2018 and is subject to an absolute triple-net (NNN) lease with a corporate guarantee, providing passive ownership with zero landlord responsibilities. The lease commenced on March 26, 2018, and expires on March 31, 2033, offering approximately 7+ years of remaining primary term. The lease features 10 percent rent increases and includes three (3), five-year renewal options, providing strong contractual rent growth and long-term residual value. Dollar General's business model focuses on value-oriented consumers and essential goods, making it a historically recession-resistant retailer well positioned across economic cycles.
This offering represents an opportunity to acquire a modern, credit-tenant net lease asset in a coastal Oregon market with predictable cash flow, built-in rent escalations, and long-term lease security.
Investment highlights
- Single-tenant Dollar General absolute net lease investment
- BBB credit-rated tenant with corporate guarantee
- Absolute NNN lease – zero landlord responsibilities
- Built in 2018 – modern construction with limited capital expenditure risk
- Necessity-based, recession-resistant discount retailer
- Passive investment with predictable cash flow
- Long-term inflation hedge through contractual rent escalations
Listing Contacts
Listed by Marcus & Millichap - South Bay
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,824.00
$11,152.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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