Dollar General

Highlights:

• Investment Grade Tenant (BBB Rated) – Leased to Dollar General, one of the nation's largest discount retailers with a proven operating history and strong credit profile.
• 16+ Years of Occupancy – Dollar General has successfully operated at this location since 2010 and recently exercised its second renewal option in 2026, demonstrating a long-term commitment to the site.
• No Renewal Concessions Granted – Tenant exercised its option without receiving rent concessions, tenant improvement allowances, or landlord incentives.
• Value-Add Opportunity Through Lease-Up – Approximately 4,500 SF of adjacent vacant space provides an opportunity to create additional income and increase overall property value.
• Below-Market Rent Basis – providing a competitive occupancy cost and long-term tenant stability.
• Priced Below Replacement Cost – Opportunity to acquire the asset at a basis significantly below the cost to develop a comparable property today.
• Existing Improvements in Place – Vacant space includes existing subflooring, electrical infrastructure, and other improvements, reducing future tenant buildout costs.
• Potential for Multiple Tenants – Additional space may be subdivided to accommodate one or two additional retail users, creating flexibility and upside potential.
• Future Income Growth Potential – Lease-up of the vacant space presents a clear path to increasing NOI and enhancing overall asset value.
• Established Retail Location – Positioned within a long-standing retail corridor with a stable tenant mix and strong local consumer draw.

Description:

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