Dollar General | Abs NNN | #2 FL PlacerAI
Abs NNN | 6.75% CAP | #2 FL PlacerAI
Marketing description
Vero Capital Group is pleased to exclusively offer for sale a Dollar General located at 1011 N 15th Street in Immokalee, Florida. Dollar General operates more than 20,000 stores across 48 states and is one of the nation’s leading discount retailers. The lease is backed by a corporate guarantee from Dollar General Corporation (NYSE: DG, S&P: BBB), providing investment-grade credit. Dollar General has operated at this location since 2012 and exercised an early renewal option, extending the lease through 2032. The lease is structured on a triple-net (NNN) basis, with the tenant responsible for taxes, insurance, and maintenance.
Investment highlights
STRONG PLACER AI RANKING
According to Placer.ai, the property ranks #2 out of 1,031 Dollar General locations statewide based on customer traffic.
ABSOLUTE NNN LEASE STRUCTURE
The lease is absolute triple-net, with the tenant responsible for all taxes, insurance, maintenance, and capital expenditures, resulting in no landlord responsibilities.
CORPORATE GUARANTEE
The lease is backed by a corporate guarantee from Dollar General Corporation (NYSE: DG, S&P: BBB), providing investors with the security of an investment- grade tenant.
LONG-TERM LEASE WITH RENEWAL OPTIONS
The property is secured by a 15-year lease expiring in October 2032, with approximately 7 years of remaining term. Dollar General has already exercised a five-year renewal option, and the lease includes six additional five-year options.
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