Matthews Real Estate
Listed by Matthews, Matthews Real Estate
$1,700,400
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,640
Cap Rate 6.75%
NOI $114,775
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/27/2031
Rent Bumps Yes
Lease Options Five, 5 Year Options
Price per SqFt $160
Class A
Year Built 2016
Acreage 1.320
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/28/2016
Ownership Fee Simple
Retail | 6.75% CAP | 10,640 SqFt
Investment highlights
- Investment-Grade Tenancy: The lease is corporately guaranteed by Dollar General Corporation, a publicly traded, blue-chip retailer with an investment-grade BBB credit rating from Standard & Poor's. This corporate backing provides investors with enhanced security, predictable income durability, and strong risk-adjusted stability.
- Absolute NNN Lease Structure: The property operates under an Absolute Triple-Net (NNN) lease, whereby the tenant is responsible for 100% of operating expenses, including taxes, insurance, and maintenance. This structure delivers truly passive ownership with zero landlord obligations and minimal management oversight.
- Modern Prototype Construction: Constructed in 2016 on a ±1.32-acre lot, the ±10,640 SF asset features modern construction standards tailored to Dollar General's larger prototype design. The newer vintage significantly reduces near-term capital expenditure risk and mitigates concerns surrounding deferred maintenance.
- Built-In Inflation Hedge: The lease structure features attractive 10% rent escalations at each of the four (4) secondary, 5-year renewal options. This compounding structure provides a reliable hedge against inflation and steadily drives long-term asset valuation.
- Dense, High-Income Demographics: Unlike typical rural dollar stores, this location is positioned in a robust metro submarket featuring an established 5-mile population of 142,445 residents and an impressive 3-mile average household income of $85,777.
Listing Contacts
Matthews Real Estate
Listed by Matthews, Matthews Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,774.96
$9,564.58/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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