Dollar General Plus | Absolute NNN Lease

Highlights:

• Hugely Successful Store | Ranked #2 in NE for Foot Traffic and Performs in the Top 4% in the NATION!
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 13 Years Remaining on Primary Term
• 2023 BTS | Super Sized Footprint
• Serving the Pine Ridge Indian Reservation | 20,000 People
• Four (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $66,443
• Ten Mile Population 1,572
• Main Thoroughfare | 4,531 Cars Per Day
• Investment Grade Dollar Store with "BBB" Credit Rating
• Concrete Parking Lot

Description:

We are pleased to present this 12,668 SF. Dollar General Plus store located in Whiteclay, Nebraska. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in July 2023. It is ranked the 2nd highest store in all of Nebraska for foot traffic! Additionally, it ranks in the top 4% NATIONWIDE!

This Dollar General is highly visible as it is strategically positioned on the main thoroughfare NE-87 which sees 4,531 cars per day. The 10 mile population from the site is 1,572 and the 3 mile average household income is $66,443 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.30% cap rate based on NOI of $131,148.

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