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Dollar General - Plainview, NE 705 Park Ave

10,640 SF Retail Building Plainview, NE 68769 $1,802,000 ($169/SF) 7% Cap Rate

Storefront Properties Nebraska Plainview 705 Park Ave, Plainview, NE 68769

Investment Highlights

  • Brand-new 15-year lease featuring 10% rental increases in the options
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Dollar General generated $38.7 billion in net sales and a net income of $1.7 billion in FY2023
  • 2023 build-to-suit construction to tenant’s latest prototype
  • Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
  • Dollar General currently operates ~20,000 stores in 48 states, making it the country’s largest small-box discount retailer

Executive Summary

A corporate absolute NNN Dollar General with over 14 years remaining in the primary term and four, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with ~20,000 stores nationwide.

Attachments

DollarGeneral_PlainviewNE

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
C
Year Built
2023
Price
$1,802,000
Price Per SF
$169
Cap Rate
7%
NOI
$126,133
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Land Acres
1.09 AC
Parking
30 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
181 FT on Plum Street
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PROPERTY TAXES

Parcel Number 700011487 Improvements Assessment $0
Land Assessment $12,430 Total Assessment $12,430

PROPERTY TAXES

Parcel Number
700011487
Land Assessment
$12,430
Improvements Assessment
$0
Total Assessment
$12,430
(513) 300-0763

  • Listing ID: 32669018

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 705 Park Ave, Plainview, NE 68769

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Dollar General - Plainview, NE | 705 Park Ave
(513) 300-0763 x

Dollar General - Plainview, NE | 705 Park Ave

Brian Brockman

(513) 300-0763

(513) 300-0763

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