Cap Rate
7.00%
Gross SQFT
10,681
Year Built
2022
Term Remaining
±13.92 YRS
NOI
$91,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Brand new 2022 build-to-suit construction for Dollar General
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General PLUS concept (larger 10,681 SF building)
- Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
- DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
- ±13.75 years remaining on an initial 15-Year lease
- Absolute NNN lease w/ zero management responsibilities
- Five, 5-Year renewal options, all of which include an attractive 10% rental increase
Broker of Record
- Matt Fitzgerald
- License No. 6505432273 (MI)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203