Dollar General Stores For Sale Date November 6, 2016
The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased Dollar General stores for sale property located in Winona, MO. This store is a relocation of a previously successful Dollar General. The 9,026 square foot Dollar General stores for sale is strategically located along US Route 19 which is the area’s primary north-south thoroughfare. The Dollar General was constructed in 2016. There are 15 years remaining on the Dollar General lease which expires on April 30, 2031. The lease features 10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.
INVESTMENT HIGHLIGHTS
- Investment grade rated tenant (S&P: BBB)
- Long term lease with approximately 15 years remaining
- 10% rental escalations in each renewal option period
- Absolute triple net lease with no landlord responsibilities
- New construction (2016)
- Positioned along the trade area’s primary north-south thoroughfare
- Relocation of a previously successful Dollar General store
- Concrete parking lot