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Dollar General Portfolio

Net Leased Dollar General Portfolio Sale Arranged

Date April 3, 2018

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a four single tenant Dollar General portfolio for $4,775,000. The portfolio includes the following locations:

  • Dollar General – 11 Jersey Lane, Bloomsdale, MO
  • Dollar General – 121 Broadway, Edgar Springs, MO
  • Dollar General – 17130 US Highway 61, Uniontown, MO
  • Dollar General – 309 South Washington, Walnut Grove, MO

The Dollar General portfolio properties are strategically located along primary thoroughfare in their respective trade areas. The properties were constructed in 2016. There are approximately 13 years remaining on the Dollar General leases that feature 10% rental escalations in each of their five 5-year renewal option periods. These absolute triple net leases feature no landlord responsibilities.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southeast based institution. The purchaser was a Midwest based real estate investment group.

Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operated more than 14,000 stores in 44 states.

“This portfolio offered the investor an opportunity to acquire newly constructed properties with long term leases to an investment grade tenant” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Newly constructed properties with long term leases to investment grade tenants are the most sought after net lease product.”

 

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $4 billion of single tenant net lease real estate transactions. From 2012-2017, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

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