Dollar General | ABS NNN | 7.50% Cap Rate | ±27,0794 VPD
Dollar General | ABS NNN | 7.50% Cap Rate | ±27,0794 VPD
Marketing description
Matthews™ is pleased to exclusively offer 26001 Eureka Rd, a single-tenant retail property occupied by Dollar General in Taylor, Michigan. This investment opportunity features an Absolute NNN lease structure with approximately 5.3 years of remaining lease term, providing stable and predictable cash flow for investors.
The property benefits from a corporate guarantee by Dollar General Corp., a Fortune 500 company with an investment-grade BBB S&P credit rating. The lease includes four 5-year renewal options, each featuring 10% rental increases, creating built-in income growth potential. Originally developed as a Build-to-Suit in 2016, the property was designed specifically for the tenant's operational needs and was renovated in 2024 by Dollar General, demonstrating continued capital investment and commitment to the location.
The property occupies a strong retail location along a high-traffic roadway in the Detroit metropolitan area, with limited nearby competition. The all-brick construction offers superior durability, reduced maintenance requirements, and enhanced long-term residual value. The offering provides an attractive above-market yield, appealing to investors seeking durable net lease income from a recession-resistant discount retail operator.
Investment highlights
- Dollar General (NYSE: DG), a Fortune 500 company with an investment-grade BBB S&P credit rating, provides strong tenant credit and financial stability.
- Located in a major metropolitan area, providing access to a dense consumer base and strong population within a five-mile radius of the subject property.
- Positioned along a high-traffic roadway in one of the nation's largest metropolitan areas, the site benefits from strong visibility and consumer access.
- The lease is backed by a corporate guarantee from Dollar General Corp., enhancing the overall credit profile of the investment.
- An Absolute NNN lease structure minimizes landlord responsibilities and supports passive ownership.
- Approximately 5.3 years of remaining lease term provide stable and predictable cash flow.
- The lease includes four 5-year renewal options, each featuring 10% rental increases, creating built-in income growth potential.
- The property occupies a strong retail location with limited nearby competition, helping support long-term store performance and tenant retention.
- The offering provides an attractive above-market yield, appealing to investors seeking durable net lease income.
- Dollar General's discount retail model is generally viewed as resistant to economic downturns and e-commerce pressures.
- Originally developed as a Build-to-Suit in 2016, the property was designed specifically for the tenant's operational needs.
- The store was renovated in 2024 by Dollar General, demonstrating continued capital investment and commitment to the location.
- The property's all-brick construction offers superior durability, reduced maintenance requirements, and enhanced long-term residual value.
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