Dollar General Portfolio
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Dollar General Portfolio
3 Retail Properties Offered at $2,594,550 in Multiple Locations
Investment Highlights
- Each Site Can Be Sold Individually
- Each Lease Has Four (4) Five-Year Options With Rent Increases
- Corporate Leases Guaranteed by Dollar General Corporation, Inc.
- Leases Have Approximately Between 5.5 and 6.5 Years Left on Primary Term
- All Sites Have Upcoming Rent Increases In Primary Term - 8.24% Cap Rate in 2025
- Investment Grade Tenant with a S&P Credit Rating of BBB
Executive Summary
Marcus & Millichap is pleased to offer for sale this three property Dollar General Portfolio. All three properties are located in the state of Kansas.
The properties range f rom 9,026 square feet to 9,100 square feet and all were built in 2014 and 2015. At the time, Dollar General signed a new 15 year lease on each site, meaning there are between 5.5 and 6.5 years left on the leases.
Each lease is Absolute NNN, meaning there are no landlord responsibilities whatsoever. In addition, each lease is corporately guaranteed by Dollar General Corporation, Inc., which is an investment grade tenant with a S&P credit rating of BBB.
Dollar General Corporation (NYSE: DG) is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated 19,643 stores in the Contiguous United States and Mexico. Dollar General also has 17 distribution centers in 16 states.[13] Since 2017, DG has opened stores in North Dakota, Wyoming, and Washington. As of early 2020, only three states lacked DG stores: Alaska, Hawaii, and Montana.
Dollar General sells products f rom national name brands like Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestlé, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
In 2018, Dollar General expanded its product offerings to include the “Better for You” assortment, which aims to offer healthier options f rom brands like Kashi, Annie’s, Back to Nature, and Kind.
The properties range f rom 9,026 square feet to 9,100 square feet and all were built in 2014 and 2015. At the time, Dollar General signed a new 15 year lease on each site, meaning there are between 5.5 and 6.5 years left on the leases.
Each lease is Absolute NNN, meaning there are no landlord responsibilities whatsoever. In addition, each lease is corporately guaranteed by Dollar General Corporation, Inc., which is an investment grade tenant with a S&P credit rating of BBB.
Dollar General Corporation (NYSE: DG) is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated 19,643 stores in the Contiguous United States and Mexico. Dollar General also has 17 distribution centers in 16 states.[13] Since 2017, DG has opened stores in North Dakota, Wyoming, and Washington. As of early 2020, only three states lacked DG stores: Alaska, Hawaii, and Montana.
Dollar General sells products f rom national name brands like Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestlé, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
In 2018, Dollar General expanded its product offerings to include the “Better for You” assortment, which aims to offer healthier options f rom brands like Kashi, Annie’s, Back to Nature, and Kind.
Property Facts
| Price | $2,594,550 | Number of Properties | 3 |
| Price / SF | $95.30 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 27,226 SF |
| Sale Type | Investment NNN | Total Land Area | 5.42 AC |
| Status | Active |
| Price | $2,594,550 |
| Price / SF | $95.30 / SF |
| Cap Rate | 8% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 27,226 SF |
| Total Land Area | 5.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1208 Wisconsin St, Cawker City, KS 67430 | Retail | 9,100 SF | 2015 | - |
|
Dollar General
1886 E Highway 18, Lincoln, KS 67455 |
Retail | 9,026 SF | 2014 | - |
|
Dollar General
1701 Main St, La Crosse, KS 67548 |
Retail | 9,100 SF | 2015 | - |
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