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Views: 39 DOM: 26 Updated: 08.21.24 Posted: 08.21.24 Status: Active

Summary

Price $1,439,657
Built/Renov 2021
Tenant Dollar General
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 08-01-2021
#Units 19,986
Price/SF $158.20
Expiration 08-01-2036
Tenant Type Dollar/Discount
NOI $100,776
R. Term 11.10
Ownership Fee Simple
Rent/SF $11.07
Increases 10.0%/10/yrs
Pop 5Mi 3,500
Lot/AC 0.97
Options 3/5yrs/10%
AHHI 5Mi $66,000

Lease Highlights

  • Dollar General has 12 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on U.S. Highway 64, the city's primary traffic corridor, with access to 15,000 vehicles passing by daily. The property is the first privately owned land and services available as you travel east of the Navajo Nation, also known as Navajoland, the largest reservation in North America. The immediate area features well-known national tenants, including...

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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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