Cap Rate
6.75%
Gross SQFT
10,789
Year Built
2023
Term Remaining
±14.5 Yrs
NOI
$117,061
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2023 build-to-suit construction for Dollar General
- ±14.5 years remaining on an initial 15-Year lease
- Dollar General PLUS prototype (Larger ±10,789SF building)
- Abs NNN lease structure with zero landlord responsibilities
- Three, 5-Year Options all with 10% increases
- Corporately guaranteed lease from Dollar General Corporation
- Excellent retail corridor with surrounding national tenants
- Traffic counts in excess of ±10,000 on Hwy 491
- Average Household income is $73,313
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
Broker of Record
- Kyle Matthews
- License No. EC.100099522 (CO)
- (866) 889-0550
- Matthews Real Estate Investment Services
- 1600 West End,
Ste. 1500 Nashville, TN 37203