7 Dollar General Portfolio NNN Leases
Retail | 7.35% CAP | 63,540 SqFt
Marketing description
This portfolio offering presents a rare opportunity to acquire seven newly-constructed Dollar General properties across Alabama. All properties were built between 2019-2020 and feature Absolute NNN leases with Dollar General, an investment-grade tenant (S&P: BBB) with over 20,600 locations nationwide. The portfolio offers a 7.35% cap rate on $606,972 in annual NOI with a weighted average lease term of 8.63 years remaining. Each property benefits from a corporate guarantee by Dollar General and features five 5-year renewal options with 10% rent increases at each option period. The properties are strategically located in small markets with limited retail competition, providing essential goods and services to their communities.
Must be sold as a portfolio. Not available separately.
Investment highlights
- Absolute NNN Lease with zero landlord responsibilities
- Corporately Guaranteed lease by Dollar General
- All properties built between 2019-2020 with brand new construction
- Long lease term remaining with weighted average of 8.63 years
- Minimal retail competition in surrounding markets
- Multiple renewal options (5x5 YR) with 10% increases per option
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