Listed by Matthews
$1,207,472
Dollar General | ABS NNN | 9 Years Remaining
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.5%
NOI $90,560
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Four, 5-Year Options
Class B
Year Built 2020
Buildings 1
Acreage 1.750
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/28/2020
Ground Lease No
Ownership Fee Simple
7.50% CAP | Limited Competition
Investment highlights
- 2020 built-to-suit for Dollar General
- ±9 years remaining on a 15 year, ABS NNN lease with zero landlord responsibilities
- Limited competition as the nearest dollar store is over 10 miles away
- Corporately Guaranteed lease from Dollar General
- 10% rental increases in each of the four, 5 year options
- Leased to Dollar General Corporation, rated BBB by S&P (investment-grade)
- National retailer with over 21,000 locations and active growth strategy
- Designated essential business, demonstrating operational resilience and profitability during and beyond the COVID-19 period
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,560.00
$7,546.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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