Listed by Marcus & Millichap
$1,155,000
Dollar General | Flintville, TN
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Net Rentable (SqFt) 9,026
Cap Rate 7.00%
NOI $80,868
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 03/30/2031
Remaining Term 5
Lease Options Two, 5-Year
Year Built 2011
Acreage 1.870
Tenant Credit Corporate Guarantee
Lease Commencement 03/31/2011
Ground Lease No
Just Exercised Option | Strong Performing Store (PlacerAI) | Low Rent NNN
Investment highlights
Lease
- NNN with NO Landlord responsibilities
- 5 Years Remaining (DG just exercised first option)
- 10% rent increases in options
- Two, 5-Year options remaining
Commitment to Location / Strong Performing Store (PlacerAI)
- Dollar General just exercised their first 5-year option, showing continued commitment to the store. Dollar General has operated at this store for 15 years
- PlacerAI ranks this store in the top 80th percentile in a 30-mile radius | Top 76th percentile in Tennessee | Top 72nd percentile nationwide.
Low Rent NNN Dollar General
- Rent is only $80,868 ($8.96 PSF)
Dollar General
- Dollar General (NYSE: DG) is a publicly traded Fortune 500 retailer backed by an S&P investment-grade credit rating of BBB, providing strong creditworthiness and reliability for investors.
- The company operates over 21,000 stores nationwide and continues its growth trajectory with plans to open 750 new locations in 2025.
- Dollar General has been in business for 83 years and has a current net worth of $54.4B
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,868.00
$6,739.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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