Listed by Northmarq Capital, LLC
$1,216,000
Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 6.75%
NOI $82,056
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 08/31/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options Five (5), Five (5) Year Options
Price per SqFt $134
Year Built 2020
Buildings 1
Stories 1
Acreage 1.500
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple
Investment Grade Credit Tenant | Long-Term 15-Year Lease | Absolute NNN
Marketing description
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in Magazine, AR ("the Property"). The Property consists of a ± 9,100 SF building and ± 1.50 acres of land. Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each option. Dollar General Corporation is an investment-grade company currently holding a Standard & Poor’s rating of BBB/Stable.
Investment highlights
- Investment Grade Credit Tenant
- 2020 Build-To-Suit Construction
- Long-Term Lease
- Triple Net Lease Investment
- Desirable Rental Increases in Option Periods
Listing Contacts
Listed by Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,056.00
$6,838.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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