Dollar General | 178 S Main St
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Dollar General 178 S Main St
7,972 SF Retail Building Brownsville, OR 97327 $2,150,000 ($270/SF) 6% Cap Rate
Investment Highlights
- Located in this quaint small town, Dollar General is a primary grocery, dry goods, and general merchandise provider for surrounding area.
- This is a strong cash-flowing investment with virtually no owner-management responsibilities
- The property is located just off State Hwy 228 on Main St., the primary north-south route through the area
Executive Summary
RECENT PRICE REDUCTION - APPROXIMATELY 250k
An outstanding commercial property investment opportunity, located about 20 minutes from Eugene (Oregon's second largest city)in Brownsville, one of Oregon's rural historic towns. The building is 100% long-term Leased to Dollar General with full corporate guarantees. The lease is pure NNN with approx 9 years remaining on initial 15 year lease term. With Tenant responsible for taxes, cost of insurance, and virtually all building maintenance, repair, replacement needs throughout the term of the lease (including extension periods), ownership of an investment property doesn't get any easier or safer than this. The lease provides for 3, five-year extension periods with 10% escalators at each renewal period. The building is little more than 6 years old, well maintained, and was originally built for Dollar General on this site. This is a straightforward turn-key acquisition opportunity. For more information please contact Broker (email: bob@npisv.com).
An outstanding commercial property investment opportunity, located about 20 minutes from Eugene (Oregon's second largest city)in Brownsville, one of Oregon's rural historic towns. The building is 100% long-term Leased to Dollar General with full corporate guarantees. The lease is pure NNN with approx 9 years remaining on initial 15 year lease term. With Tenant responsible for taxes, cost of insurance, and virtually all building maintenance, repair, replacement needs throughout the term of the lease (including extension periods), ownership of an investment property doesn't get any easier or safer than this. The lease provides for 3, five-year extension periods with 10% escalators at each renewal period. The building is little more than 6 years old, well maintained, and was originally built for Dollar General on this site. This is a straightforward turn-key acquisition opportunity. For more information please contact Broker (email: bob@npisv.com).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,972 SF
Building Class
C
Year Built
2018
Price
$2,150,000
Price Per SF
$270
Cap Rate
6%
NOI
$129,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.94 AC
Zoning
VC
Parking
32 Spaces (4.01 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0939256 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,631,830 |
PROPERTY TAXES
Parcel Number
0939256
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,631,830
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Dollar General | 178 S Main St
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