Cap Rate
6.00%
Year Built
2018
Leasable Area
9,240 SF
Term Remaining
±10.50 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2018 Build-to-suit construction for Store for Dollar General
- 10.50-Years remaining on an initial 15-Year lease
- Absolute NNN lease structure – zero management responsibility
- Five, 5-Year renewal periods w/ 10% rent increases
- Corporate guarantee from Dollar General Corporation
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies throughout the COVID pandemic
- Dollar General has approx. 16,500 locations and plans to continue their expansion for the foreseeable future
- Dollar General boasts an investment grade credit rating of BBB (S&P) and has reported 34 consecutive quarters of same store sales growth
Broker of Record
- Kyle Matthews
- License No. 263667 (TN)
- (310) 919-5757
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203