216 North St
Cheshire, MA 01225

Dollar General | 15 Yr Abs NNN | Upgraded Facade SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a newly constructed, freestanding, corporate guaranteed, absolute NNN, single tenant, Dollar General located in Cheshire, Massachusetts. The brand new 15-year lease is guaranteed by Dollar General Corp. (NYSE: DG), and has an investment grade rating of BBB from Standard and Poor' s. The lease also features 10% rental increases at the beginning of each 5-year option period, which generates steady NOI growth and hedges against inflation. The location is slated to open around June 1, 2017, and the lease is absolute NNN with zero landlord responsibilities. The subject property is located along North Street (13,900 VPD), the main thoroughfare in the town of Cheshire. The property features strong street visibility and frontage along with ample parking (29 spaces). Additionally, the subject property will serve as one of the only general stores within a 5 mile radius allowing the subject property to generate strong consumer draw and demand within the local trade area. The site will service a population of more than 11,700 with an average household income of $66,500 in a 5 mile radius.