Dollar General

E 15th Street/US 287 and Adams Street, Eads, CO

$2,463,059

Price

6.25%

Cap Rate

$153,941

NOI

Gallery
Street
Map
Overview
Cap Rate
6.25%
NOI
$153,941
Building Size
10,640 sqft
Lot Area
1.17 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2024
Tenancy
Single
Parking Spots
36
Description

Absolute NNN New construction corporate Dollar General with rare rental increases during the primary term and option periods. A brand new Dollar General on a 15-year absolute NNN lease backed by a corporate guaranty (NYSE: DG) with four, 5-year options to extend. The subject property is strategically located on US 287.

Highlights
  • New 2024 Construction with extremely rare rental increases during the primary term
  • Brand-new 15-year lease with fiv e, 5-year options to extend. 5% rental increases every 5-years during the primary term and option periods.
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a “hands-off” investment
  • Turnover date - March 11, 2024
Documents
Title
Dollar_General_Eads_CO.pdf
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Location
Gallery