Listed by Matthews
$1,275,000
Dollar General | +9 Years Remaining | 7.40% Cap Rate
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 7.41%
NOI $94,440
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $140
Year Built 2020
Year Renovated 2025
Acreage 0.960
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/2020
Ground Lease No
Ownership Fee Simple
Retail | 7.41% CAP | +9 Year Remaining
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 Tenant: The property is anchored by Dollar General Corp., a Fortune 500 Company with an S&P credit rating of BBB. This underscores the tenant's financial strength and reliability, enhancing the investment's security.
- Corporate Guarantee: The lease benefits from a corporate guarantee by Dollar General Corp. (NYSE:DG), providing an additional layer of financial assurance to investors.
- Lease Terms: The lease is an Absolute NNN (Triple Net) structure, eliminating landlord responsibilities for property maintenance and operational expenses. This structure simplifies ownership and maximizes net income.
- Lease Duration and Options: Approximately 9.1 years remain on the initial lease term, with four additional 5-year renewal options. Each option includes a 10% rent increase, ensuring consistent income growth over time.
- Location and Competition: The property is situated in a strong location with limited retail competition, positioning it favorably within the market and supporting sustainable tenant performance.
- Yield and Return: The investment offers an attractive return with an above-market yield, appealing to investors seeking dependable income streams in the retail sector.
- E-Commerce and Recession Resistance: Dollar General operates in an industry sector that is both e-commerce and recession-proof, contributing to the property's long-term stability and resilience against economic fluctuations.
- Recent Construction: The property was constructed as a Build-To-Suit (BTS) project in 2020, ensuring modern facilities that meet the tenant's operational requirements and reducing potential future capital expenditures.
- Recent Remodel: The property was renovated by Dollar General in 2025, demonstrating continued capital investment and long-term commitment to the location.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,440.00
$7,870.00/mo
Valuation Metrics
0
DSCR
7.41%
Cap Rate
7.41%
ROI
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