Dollar General Plus | Absolute NNN Lease

Highlights:

• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 14 Years Remaining on Primary Term
• 5% RENTAL RATE INCREASES EVERY 5 YEARS!
• 2024 BTS | Super Size Footprint
• Four (5 Year) Options | 5% Rental Increase At Each Option
• Three Mile Household Income $74,088
• Ten Mile Population 5,163
• Main Thoroughfare | 4,487 Cars Per Day
• Investment Grade Dollar Store with "BBB" Credit Rating
• Concrete Parking Lot

Description:

We are pleased to present this 12,687 SF. Dollar General Plus store located in O'Neill, Nebraska. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years, including at each of the 4 (5 year) options to renew. 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 2024.

This Dollar General is highly visible as it is strategically positioned on the main thoroughfare US-20 which sees 4,487 cars per day. The 10 mile population from the site is 5,163 and the 3 mile average household income is $74,088 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 6.75% cap rate based on NOI of $149,508.

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