Listed by Marcus & Millichap - Denver
$964,800
Dollar General I No Competition I Corporate Lease
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 7,489
Net Rentable (SqFt) 7,489
Cap Rate 7.75%
NOI $74,772
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 07/30/2032
Remaining Term 6.1
Rent Bumps Yes
Lease Options Yes
Class A
Year Built 2017
Acreage 1.270
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Low Rent, Small Price Point Investment
Investment highlights
- Absolute NNN Dollar General with No Management: Absolute NNN Net Leased Dollar General w/ No Management or Responsibilities Located off of a Highly Trafficked Section of Highway 121 in Battle Creek, NE
- +/- 6 Year Lease with Rent Increases: Lease Currently Features +/- 6 Years Remaining in The Initial Term w/ Rent Increases in Each Option to Hedge Against Inflation Making This an Attractive Passive Investment
- Corporate Guarantee: Lease Corporately Guaranteed by Dollar General, a Leading Discount Retailer with Over 20,000 Locations Nationally Providing a Reliable Income Stream
- Strategic Location: Strategically Located as the Only Dollar General Located Within a 9 Mile Radius with Just One Family Dollar Located Within a 10 Mile Radius
- Sound Population Base: Population Growth Projected to Increase at Over One Percent Within a Five Mile Radius of the Subject Property Between 2025 and 2030 Providing Additional Customers
- Ideal Dollar Store Demographics: Situated in an Area with Over 1,800 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $100,000
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,772.00
$6,231.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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