Listed by Landmark Commercial Real Estate Services
$1,438,189
Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,026
Units 1
Cap Rate 5.3%
NOI $76,224
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 05/31/2032
Remaining Term 6
Lease Options Four, Five Year Options by giving LL 180 days prior notice.
Price per SqFt $159
Year Built 2017
Buildings 1
Stories 1
Acreage 1.000
2017 Construction Dollar General
Investment highlights
CORPORATE GUARANTY: LEASE IS GUARANTEED BY DOLLAR GENERAL CORPORATION (NYSE: DG)
- Dollar General Corporation is one of the largest retailers in the country with over 18,000 locations and 143,000 employees
- Dollar General Corporation is rated S&P rated BBB and Moody’s rated Baa2
- Dollar General Corporation is ranked #91 on the Fortune 500 List – a 21-place jump since 2020
COVID-19 PROOF INVESTMENT:
- Since the beginning of the pandemic, Dollar General Corporation has experienced a 21.5% net sales increase – a reflection in part of shoppers being mindful of budgets during the pandemic.
NEWER CONSTRUCTION:
- 2017 Build-to-Suit for Dollar General
ABSOLUTE NNN LEASE:
- Virtually no Landlord Responsibilities
MINIMAL DOLLAR STORE COMPETITION:
- Closest national Dollar Store chain is over 10 miles from subject property
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,224.00
$6,352.00/mo
Valuation Metrics
0
DSCR
5.3%
Cap Rate
5.3%
ROI
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