Listed by Summit Real Estate
$1,845,000
Dollar General Market
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 12,668
Cap Rate 6.52%
NOI $120,015
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/30/2039
Remaining Term 13.1
Rent Bumps Yes
Lease Options 5 x 5 Years
Class A
Year Built 2024
Acreage 1.840
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2024
Ground Lease No
Retail | 6.52% CAP | 12,668 SqFt
Marketing description
Dollar General operates several store formats, including its grocery-focused DG Market locations. The DG Market stores provide a wider selection of fresh produce, meats, dairy, and frozen items compared to traditional Dollar General stores. Dollar General began the DG Market format in the early 2000s to address the demand for affordable, high-quality groceries in rural and suburban areas. As of 2024, Dollar General has over 5,400 stores offering fresh produce, including DG Market locations, making it one of the largest distributors of fresh produce in the U.S.
Investment highlights
- Long-Term Passive Income Stream with ±13.5 Years Remaining on an Original 15-Year Term
- Zero Landlord Responsibilities with Absolute NNN Lease Structure
- Attractive 5% Rental Increases Every 5 Years Providing Built-In NOI Growth and Inflation Hedge
- Corporately Guaranteed by Dollar General Corporation (NYSE:DG), One of the Nation's Largest Discount Retailers
- Larger "DG Market" Prototype Featuring Expanded Grocery, Fresh Produce, Meat & Household Essentials Offerings
- DG Market Format Designed to Capture Higher Customer Visit Frequency and Broader Daily Needs Shopping
- Strategically Positioned to Serve Rural Trade Area with Limited Nearby Grocery Competition
- Perry Benefits from Proximity to Stillwater and Oklahoma State University, Approximately 15 Miles Away
- Dollar General Continues Aggressive National Expansion with Thousands of Stores Nationwide and Ongoing Growth Initiatives
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,015.00
$10,001.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
C1 CommercialSpecial CommercialLight Commercial
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View all 17 uses
View all 17 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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