This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note
Dollar General Dollar General

Property Overview

Price/Rent PSF $ 700,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 9,014
Date Available 06/06/2019
Additional URL Link
Additional parameters Show
Search Demographic Data Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Export PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Location
Speed Commercial Real Estate is pleased to present this 9,104 SF Dollar General Relocation store located in Grenada, MS. The property is encumbered with a new seven (7) NNN Lease extension ending September 30, 2028, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The store has been in this location since 2005. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. Rent commenced in June of 2019, and expires in September of 2028.
This Dollar General is highly visible and strategically positioned on Lakeview Drive, also which sees 12,000 cars per day. The five mile population from the site exceeds 15,300 while the one mile average household income exceeds $44,000 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 a 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 7.89% cap rate based on NOI of $55,200.
INVESTMENT HIGHLIGHTS
NNN Lease | Zero Responsibilities
Proven Success in Market
7 Year Term | Four (5 Yr.) Options | 10% bumps
Five Mile Population exceeds 15,300
One Mile Average Household Income Exceeds $44,000
Lakeview Drive sees 12,000 Cars Per Day
Investment Grade Dollar Store | “BBB” | Corporate Guarantee
Dollar General Reported 29 Consecutive Quarter of Same Store Sales Growth



Sale
Cash to Seller

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.