Overview

Description

We are pleased to present this 2024 BTS, 10,566 SF. Dollar General store located in Log Lane Village, Colorado. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (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 has completed construction & successfully opened for business on January 9, 2024.

This Dollar General is highly visible as it is strategically positioned on the corner of 144A & Elm Street which sees 4,093 cars per day. It is the only dollar store serving the community! The ten mile population from the site is 19,467 while the three mile average household income $65,200 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 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 6.55% cap rate based on NOI of $144,126.

Highlights

• Brand New 15 Year Absolute NNN Lease
• Rare 5% Rent Bumps in Primary Term | Every 5 Years!
• Part of the Denver DMA | Now Open - January 9, 2024
• Zero Landlord Responsibilities
• 2024 BTS Construction | Corner Location
• 5 (5 Year) Options | 5% Increases at Each Option
• Three Mile Household Income $65,200
• Ten Mile Population 19,467
• 4,093 Cars Per Day on 144A
• Investment Grade Dollar Store | BBB Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• The Only Dollar Store Serving the Community!
• Only 1.8 Miles to I-76 Speedway - a 1/4 Mile High-banked Dirt Oval Race Track. Summer Season Racing is Held April Thru October | Tourist Attraction

Documents

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