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New Dollar General | 15-Year Absolute NNN | Corporate Guarantee | Investment Grade Credit - S&P Rated BBB

$2,669,205

3312 11th Avenue, Evans, CO 80620

Active
Last Updated: 11/03/2022

4.85

Cap Rate

129,456

NOI

Details:
Cap Rate:    4.85%
NOI:    $129,456
Building Size:    10,640 sqft
Lot Area:    52,598 sqft
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2022
Tenancy:    Single
Lease Expire Year:    09/30/2037
Highlights:
  • New 15-Year Absolute NNN Lease w/ 10% Rent Increases Every 5-Years in the (4) 5-Year Option Periods
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • Upgraded Construction: Rare Upgraded Brick Veneer Building
  • Surrounded by Many New Retail & Residential Developments
  • 137,000 Residents within 5-Miles of Subject Property
  • 6.0% Expected Population Growth Over Next 5-Years
Description:

The subject property is a newly constructed freestanding Dollar General located in Evans (Greeley), CO. The new 15-year absolute NNN lease includes 10% rental increases every 5-Years in the (3) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.

This location benefits from its excellent visibility and frontage on 11th Avenue, a major thoroughfare through Evans which boasts over 11,000 vehicles per day. This Dollar General is just minutes from downtown Greeley, University of Northern Colorado, and the Greeley Mall. In addition, the site is positioned directly off the highly trafficked U.S. Highway 85 with over 28,000 vehicles per day which leads south ± 50 miles to Denver and north ± 55 miles to Cheyenne, WY.

National retailers in the immediate vicinity include Wal-Mart, Dollar Tree, Kum & Go, QuikTrip, King Soopers, Starbucks, Tractor Supply, USPS, McDonald’s, Walgreens, Family Dollar, Planet Fitness, Burger King, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

Map:
Documents:
Title
Dollar_General_-_Evans__Greeley___CO.pdf
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Location
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