Listed by Matthews
$1,783,800
Dollar General | ABS NNN | 8.00% Cap Rate
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,002
Cap Rate 8%
NOI $142,704
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 03/31/2033
Remaining Term 6.8
Rent Bumps Yes
Lease Options Three, 5-year Options
Price per SqFt $198
Year Built 2018
Acreage 0.840
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/11/2018
Ground Lease No
Ownership Fee Simple
Dollar General | 8.00% CAP | ABS NNN
Investment highlights
- Investment Grade Tenant and Corporate Guarantee from Dollar General Corp. (S&P:BBB), a Fortune 500 Company (NYSE:DG)
- Absolute NNN Lease with No Landlord Responsibilities
- Limited Competition in A Strong Location
- Attractive Return Providing an Above Average Market Yield
- E-Commerce and Recession Proof Company
- ±7.1 Years of Term Remaining and an Additional Three, 5-Year Options with 10% Increases
- 2018 BTS Construction
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,704.00
$11,892.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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