Listed by Fortis Net Lease
$2,687,647
Dollar General PLUS - 2 Store Portfolio
Details
APN 1101-00454-000
Property Type Retail
Sub Type Storefront
Square Footage 10,696
Units 1
Cap Rate 7.1%
NOI $190,823
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 03/31/2038
Remaining Term 11.8
Rent Bumps Yes
Lease Options 5, 5 year Options
Class A
Year Built 2023
Stories 1
Lot Size (SqFt) 43,663
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/14/2023
Ground Lease No
2 Store Dollar General Portfolio
Investment highlights
Both properties on Absolute NNN leases — zero landlord responsibilities
Combined NOI of $190,823 at a 7.10% blended cap rate
Brand new 2023 construction — prototype Dollar General Plus stores
Corporate guarantee from Dollar General (NYSE: DG) — S&P rated BBB
Five 5-year renewal options per property, each with 10% rent bumps
Ideal 1031 exchange vehicle — two passive NNN assets in one close
Average ~11.6 years of remaining primary term across the portfolio
Dollar General: $42.7B in gross sales | 20,900+ stores nationwide
Listing Contacts
Listed by Fortis Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,823.00
$15,901.92/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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