Dollar General Plus | Absolute NNN Lease

Highlights:

• 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• 13.5 Years Remaining on Primary Term
• 2023 BTS | Plus Size Construction
• Four (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $54,830
• Ten Mile Population 3,648
• Corner Location | 3,945 Cars Per Day
• 3 Mile Population Growth Rate 4.77%
• Investment Grade Dollar Store with "BBB" Credit Rating
• Surrounded by Residential Homes
• Concrete Parking Lot

Description:

We are pleased to present this 10,640 SF. Dollar General Plus store located in Plainview, 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 December 2023.

This Dollar General is highly visible as it is strategically positioned on the corner of N Plum Street & W Park Avenue which sees 3,945 cars per day. The 10 mile population from the site is 3,648 and the 3 mile average household income is $54,830 per year, making this location ideal for a Dollar General. This area is seeing steady growth with the 3 mile population growth rate at 4.77%. 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 7.20% cap rate based on NOI of$126,132.96.

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