Listed by Matthews
$1,507,022
RELOCATION Dollar General | UPGRADED CONSTRUCTION
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,542
Cap Rate 7.45%
NOI $112,273
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Five, 5 year options
Year Built 2022
Acreage 1.510
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/19/2022
Ground Lease No
7.45% CAP | 11.5 Years Remaining
Investment highlights
- 2022 build-to-suit construction for Dollar General
- Extremely high-quality UPGRADED construction (no metal sides)
- ±11.75 years remaining on a 15-year Absolute NNN lease – zero landlord responsibilities
- 5-mile population in excess of 10,659 residents
- Relocation store from a previously existing site
- Relocation stores confirm proven locations within an established customer base
- Corporate-guaranteed lease from Dollar General Corporation
- Nearby national tenants include KFC, Walmart Supercenter, Tractor Supply, Walgreens, UPS, Taco Bell, NAPA, Sonic, and many more
- Dollar General has ±21,000 locations and plans to continue expansion for the foreseeable future
- Dollar General boasts an investment-grade credit rating of BBB (S&P)
- Dollar General is considered an essential retailer and proved to be one of the most profitable companies throughout the COVID-19 pandemic
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,273.20
$9,356.10/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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