Property History
Property Type
Property Type
Property Subtype
Investment Highlights
- Ideal 1031 Exchange property for an investor seeking a reliable source of passive income
- Extremely attractive 7.15% cap rate
- 9-Years remaining on an initial 15-year lease term
- Five, 5-year renewal options all of which include an attractive 10% rent increase
- Absolute NNN lease with zero management responsibilities
- Extremely strong corporate guarantee from Dollar General Corporation
- Cheap price point of just over $1M dollars
- Welch is located 40 miles Southwest of Joplin, MO and 80 miles Northwest of Tulsa, OK
- Dollar General is ranked #123 on the Fortune 500 list and recently announced their 31st consecutive quarter of same-store sales growth
- Dollar General is considered the #1 discount retailer with more than 16,000 locations and an investment grade credit rating of BBB
- Dollar General plans to continue their expansion with 1,000 new locations slated for 2020 and will add stores in two new states, Wyoming and Washington
Loan History
Financial History
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Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
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Josh Bishop PRO
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