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33235496
33235497

1093 E FOURTH ST, AINSWORTH, NE 69210-1220

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment
$831,000
5 days on market
Updated 5 days ago

Dollar General | New 10-Year Lease Extension

Details
APN 090010981
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 15,000
Net Rentable (SqFt) 15,000
Units 1
Cap Rate 7.15%
NOI $59,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 05/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options (3) 5-Year Options
Class A
Year Built 2000
Year Renovated 2023
Stories 1
Lot Size (SqFt) 36,586
Tenant Credit Corporate Guarantee
Ground Lease No

New 10-Year Lease Extension | Corporate Guarantee

Marketing description

The subject property is a freestanding Dollar General located in Ainsworth, NE. Dollar General has operated at this location since 2000 and they recently signed a new 10-year lease with 10% increases every 5-years in the primary term and in the (3) five-year option periods, demonstrating their success and long-term commitment to the location. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.

This location benefits from its excellent visibility and frontage on E 4th Street, a major thoroughfare through Ainsworth which boasts over 6,000 vehicles per day. E 4th Street is the area’s main traffic artery connecting Ainsworth with Omaha. Additionally, this Dollar General has zero competition as the closest Family Dollar is over 45 miles away (Valentine, NE) and the closest Dollar General is over 16 miles away in (Bassett, NE). This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment opportunity.

Investment highlights

Recent 10-Year Lease Extension Proves their Success and Shows Dollar General’s Long-Term Commitment to the Location

Dollar General Has Occupied This Location Since 2000

10% Rent Increases Every 5-Yrs Throughout Initial Term & Options

Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)

Transferable Roof Warranty in Place Until 2033

Great Visibility & Access right off E 4th St (The Major East/West Thoroughfare Connecting Ainsworth with Omaha)

Listing Contacts

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,400.00
$4,950.00/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

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