Listed by Colliers - Fort Lauderdale, Florida
$1,412,400
Dollar General Plus
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 8,840
Cap Rate 6.00%
NOI $84,744
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Remaining Term 10
Stories 1
Acreage 0.450
Tenant Credit Credit Rated, Corporate Guarantee
Rent Commencement 01/31/2012
Ground Lease No
Retail | 6.00% CAP | 8,840 SqFt
Marketing description
The Twist Capital Team of Colliers is Pleased to Offer for Sale, to Qualified Investors, the Opportunity to Acquire This Dollar General Plus, Store Number 13100, Located in Remington, in. This Dollar General Plus is a Relocation and Expansion of an Existing Store in the Area, Showing Their Commitment to the Community. Dollar General Plus Locations Are Larger Than Traditional Dollar General Stores That Have More Coolers/freezers to Keep More Perishable Items in Stock.
Investment highlights
- Dollar General Store Number 13100
- Dollar General Corporation Is Rated “Bbb” By S&P
- Absolute Nnn 15-Year Lease
- Corporate Guaranteed Lease - No Landlord Responsibilities
- 10% Rental Increases In Each Of The Three, 5-Year Options
- Strong Demographics With Household Income Of $73,026 Within A 5-Mile Radius
- Excellent Location Near The Popular Interstate Exit Off Of I-65 Between Indianapolis And Chicago
- Only A 90-Minute Drive From The Very Populated City Of Chicago
Listing Contacts
Listed by Colliers - Fort Lauderdale, Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,744.00
$7,062.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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Tax History
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