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Dollar General Portfolio Sale

Dollar General Portfolio Sale Arranged

Date December 8, 2021

The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Dollar General portfolio located in Battle Creek, Michigan, Bedford, Indiana, Sheffield, Illinois and Streator, Illinois for $5,431,341.

Each Dollar General is strategically located within the main commercial areas.  Dollar General serves as a primary convenience shopping destination for residents in these areas with limited competition. The properties are positioned within proximity to each area’s main employers. Dollar General offers both name-brand and generic merchandise including off-brand goods and closeouts of name-brand items. Although it has the word dollar in the name, Dollar General is not a dollar store. Many of its offerings are priced at more than one dollar.

Randy Blankstein and John Feeney of The Boulder Group represented both sides of the transaction. The seller was a Westcoast based private individual and the buyer was a Midwest based institution.

Each property has remaining lease term that ranges from 10 to 12 years. There are various 5 -year renewal option periods with each location with 10% rental escalations at the start of each. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operates more than 15,000 stores in 45 states.

“Newer construction properties with long term leases to investment grade rated tenants with rental escalations are the most sought-after net lease product” said Randy Blankstein, President of The Boulder Group.  John Feeney, Senior Vice President of The Boulder Group, added, “The market for net leased dollar stores remains active throughout the country.”

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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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