Listed by Marcus & Millichap - Indianapolis
$1,297,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Units 1
Cap Rate 7.15%
NOI $92,709
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2038
Remaining Term 11.9
Rent Bumps Yes
Lease Options Three, Five-Year
Price per SqFt $122
Year Built 2023
Year Renovated 2023
Acreage 2.004
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/01/2023
Ground Lease No
Absolute Net DG with 12 Yrs Left
Marketing description
Dollar General is the leading American discount retailer with more than 20,150 locations and annual revenue surpassing $40 billion. The company was founded in 1939 and is headquartered in Goodlettsville, Tennessee. Dollar General is publicly traded on the New York Stock Exchange under the ticker symbol "DG" and is an S&P 500 Component with a S&P rating of "BBB". The company has more than 170,000 employees and continues its rapid expansion. Known for dominating small markets with little or no grocery competition, Dollar General stores have recently begun adding fresh produce and self checkouts to their locations.
Investment highlights
- Absolute Net Lease
- 2023 Construction
- 12 Years Left
- Larger Prototype Store
- $1.6m Store Sales (via placer.ai)
- 5.79% Rent-to-Sales Ratio (based off placer.ai estimated sales)
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,709.00
$7,725.75/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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