Listed by Marcus & Millichap | The Patel Yozwiak Group
$1,045,000
Dollar General | Triple Net Lease | Limited Competition
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,100
Cap Rate 7.5%
NOI $78,394
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Five, 5-year renewal options
Year Built 2016
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2016
Ground Lease No
Corporate Guarantee | 10% Rental Increases | High Visibility Location
Investment highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 9,100-SF on a large 1.41 acre lot with 25 parking spaces.
- TRIPLE NET LEASE: 2016 construction with over 5 years remaining on the original NNN lease. No landlord responsibilities.
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of five, 5-year renewal options.
- CORPORATE GUARANTEE: Lease is guaranteed by Dollar General, with over 20,000 locations across 48 states
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY LOCATION: Property features Lighted pylon sign and easy access from both traffic directions.
- STRONG VISITOR DATA: Store visits have increased 9.7% over the previous 3 years, according to Placer.AI.
- LIMITED COMPETITION IN AREA: Closest dollar store location is 8+ miles away in both directions.
- STABLE TRAFFIC CORRIDOR: Located along Arkansas Highway 22 seeing 4,700 vehicles per day (VPD)
- STABLE DEMOGRAPHICS: The population exceeds 12,700 within 10-miles. Unemployment in the area is below 3%.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$78,394.00
$6,532.83/mo
Valuation Metrics
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DSCR
7.5%
Cap Rate
7.5%
ROI
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