The Boulder Group has completed the sale of a single tenant recently constructed Dollar General property located at 3312 11^th Avenue in Evans, CO for $2,185,000. The property sold for a 5.92% cap rate, which is the 2^nd lowest cap rate nationally for a Dollar General property in 2025. There has only been one other Dollar General property to sell for less than a 6.00% cap rate in 2025 according to CoStar.

Zach Wright and Brandon Wright, of The Boulder Group, exclusively represented the seller in the transaction. The seller was a commercial real estate development company based in the Southeast and the purchaser was an all-cash 1031 exchange investor based in California.

The Dollar General property was built in 2022 and is strategically located 1.5 miles south of University of Northern Colorado (9,000 students) and in the Greeley-Evans MSA. The surrounding area is densely populated with approximately 16,000 people living within one mile and approximately 80,000 people living within three miles. The Dollar General is positioned in immediate proximity to numerous national retailers such as Sam’s Club, Walmart Supercenter, King Soopers, Walgreens, QuikTrip, Maverik, the Greeley Mall, and many others.

The long-term Dollar General lease features rental increases every five years and no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“Colorado net lease properties are highly sought after amongst private net lease investors and 1031 exchange buyers alike. Historically, Colorado properties have commanded very aggressive cap rates and we’ve set numerous national cap rate records with the sales of net lease properties located in Colorado. As we continue to see strong demand for these assets and limited supply, we expect to see cap rates in Colorado compress and lead the U.S.,” stated Zach Wright, Vice President.

“Dollar General properties are amongst the only options for buyers seeking properties for less than $2 million, with an investment grade corporate guaranty, an absolute triple net lease, and lease term of 10-15 years. We’re seeing investors pay aggressive prices for Dollar Generals in infill locations with strong residual real estate value,” added Brandon Wright, Associate.

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 $9 billion of single tenant net lease real estate transactions. From 2013-2024, 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 and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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