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Views: 116 Updated: 03.05.24 Posted: 09.13.23 Status: Sold

Summary

Price $1,837,000 $1,869,969
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.62% 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 02-26-2024
#Units 19,294
Price/SF $172.65 $175.75
Expiration 02-25-2039
Tenant Type Dollar/Discount
NOI $121,548
R. Term 14.1
Ownership Fee Simple
Rent/SF $11.42
Increases 5.0%/5/yrs
Pop 5Mi 20,271
Lot/AC 1.50
Options 4/5yrs/5%
AHHI 5Mi $71,368

Lease Highlights

  • Brand new 2024 construction
  • Dollar General will be signing a brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
  • Lease features a 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

The 10,640 square foot Dollar General benefits from its location along Western Avenue & Airpark Avenue (7384 +VPD), and its proximity to US Highway 54, a main thoroughfare for the city of Liberal. The property is also within close proximity to Liberal High School and Liberal Airport, both of which drive continual daily traffic through the area. Nearby major retailers include Harbor Freight,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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