Listed by Matthews
$882,353
Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Cap Rate 8.49%
NOI $74,925
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 3.2
Lease Options Five, 5-Year Options with 10% Increases
Price per SqFt $97
Year Built 2014
Tenant Credit Corporate Guarantee
Ground Lease No
Investment-Grade Dollar General with ±8.50% Cap Rate and Corporate Guarantee
Investment highlights
- Investment-Grade Tenant: The property is anchored by Dollar General Corp., a Fortune 500 company with an S&P credit rating of BBB. This reflects the tenant’s strong financial position and long-term stability, enhancing the overall security of the investment.
- Corporate Guarantee: The lease is backed by a corporate guarantee from Dollar General Corp. (NYSE: DG), providing investors with an added layer of financial security and reliability.
- Favorable Lease Structure: The property operates under an Absolute NNN (Triple Net) lease, minimizing landlord responsibilities by transferring all maintenance, taxes, and operational expenses to the tenant—resulting in truly passive ownership and predictable net income.
- Remaining Term & Upside: Approximately 3.2 years remain on the current lease term, with five additional 5-year renewal options. Each renewal includes a 10% rent increase, offering built-in income growth and long-term value appreciation.
- Location and Competition: The property is situated in a strong location with limited retail competition, positioning it favorably within the market and supporting sustainable tenant performance.
- Yield and Return: The investment offers an attractive return with an above-market yield, appealing to investors seeking dependable income streams in the retail sector.
- E-Commerce and Recession Resistance: Dollar General operates in an industry sector that is both e-commerce and recession-proof, contributing to the property’s long-term stability and resilience against economic fluctuations.
- Recent Construction: The property was constructed as a Build-To-Suit (BTS) project in 2014, ensuring modern facilities that meet the tenant’s operational requirements and reducing potential future capital expenditures.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,925.00
$6,243.75/mo
Valuation Metrics
0
DSCR
8.49%
Cap Rate
8.49%
ROI
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