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Views: 85 DOM: 94 Updated: 10.31.24 Posted: 09.18.24 Status: Active

Summary

Price $2,135,000
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 01-09-2024
#Units 19,986
Price/SF $200.66
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $144,126
R. Term 14.1
Ownership Fee Simple
Rent/SF $13.55
Increases 5.0%/5/yrs
Pop 5Mi 15,757
Lot/AC 1.13
Options 5/5yrs/5%
AHHI 5Mi $78,444

Lease Highlights

  • Brand new 2024 construction
  • The tenant has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Plus is strategically located at the hard corner intersection of N Frontage Road and Elm Street, with access to a combined daily traffic count of 5,100 vehicles. The property is conveniently situated just off I-76, which sees 18,000 VPD, providing direct access to Downtown Denver. It is 1.5 miles from St. Elizabeth Hospital and close to several K-12 schools with over 3,400...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Listing Broker

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