Property History
Atlantic Capital Partners has been exclusively engaged
to solicit offers for the sale of a newly built Dollar
General | Rehoboth, Massachusetts. This 10,640 SF
build-to-suit is being delivered for Dollar General in
early 2024 and offers unmatched visibility along Rt
44 (Winthrop Street) in a major regional retail market
servicing the suburban communities east of Providence.
Situated at 469 Winthrop St, the 15-year lease with
Dollar General was signed in 2022 and the rent will
commence Q1 of 2024. The lease includes three (3)
five (5) year options. Dollar General is currently paying
$170,496 which increases in their first option (February
2039) to $187,548, $206,304 in their second option
(February 2044), and $226,932 in their third option
(February 2049).
ATTRACTIVE DEMOGRAPHICS: Rare, High-Income Demographics in immediate trade area (3-mileAAHI of ~$122k)
PROXIMITY TO PROVIDENCE: The property is located just 8Miles from Downtown Providence, which boasts a population of190k people and has a strong consumer base
15+ YEARS REMAINING TERM: Tenant has signed a 15-yearlease with 3 additional 5-yearextension periods shows commitment to the site
NNN LEASE: No landlord responsibilities allows for pain-free ownership
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT: Dollar General has a Market Cap of $24.9B (NYSE: DG) with over 18,700 locations across the country (Moody’s: Baa2)
RECENTLY CONSTRUCTED: New construction limiting exposure to capital repairs during the hold period
EXCELLENT EXPOSURE ALONG MAIN THOROUGHFARE: Located on Winthrop Street (12,779 VPD) | 409 feet of exposure on Winthrop Street on a arge 2.5 Acre parcel
ZERO COMPETITION: Subject property is the only stand alone Dollar General and the only Dollar Store in Rehoboth, MA
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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