Listed by Matthews
$1,443,300
Dollar General | 10.5 Years Remaining | +20,000 VPD
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 7.00%
NOI $100,776
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $159
Year Built 2021
Acreage 0.970
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/2021
Ground Lease No
Ownership Fee Simple
Dollar General | ABS NNN | +20,000 VPD
Marketing description
Dollar General Corporation is the largest small-box discount retailer in the United States, operating more than 20,600+ locations across 48+ states. Founded in 1939 and headquartered in Goodlettsville, Tennessee, the company provides convenient access to low-priced everyday essentials including consumables, household goods, health and beauty products, apparel, and seasonal items. Dollar General's strategic focus on rural, suburban, and underserved markets allows it to maintain a loyal customer base while facing limited direct competition.
Investment highlights
- Investment-Grade Credit Tenant – Corporate-guaranteed lease from Dollar General Corp. (S&P: BBB), a publicly traded Fortune 500 company (NYSE: DG).
- Absolute NNN Lease Structure – Zero landlord responsibilities, providing truly passive ownership.
- Strong Market Position with Limited Competition – Strategically located in a supply-constrained trade area with limited direct competition.
- Attractive Yield – Offers an above-market return relative to comparable net lease investments.
- Recession-Resilient & E-Commerce Resistant Retailer – Dollar General's essential, value-oriented business model has demonstrated durability across economic cycles.
- Long-Term Lease Security – Approximately ±10.5 years of remaining primary term, plus 3, five-year renewal options with 10% rental increases at each option.
- Recent Build-to-Suit Construction (2021) – Modern prototype design with minimal near-term capital expenditure risk.
- Strategic Location – Situated near the Navajo Nation, one of the largest Native American reservations in the United States, serving a broad and stable consumer base.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,776.00
$8,398.00/mo
Valuation Metrics
0
DSCR
6.98%
Cap Rate
6.98%
ROI
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