Net Leased Investment Property

The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased investment  property located in Lewiston, MN. Lewiston is centrally located between three major urban centers, Rochester (35 miles), and Winona (15 miles) in Minnesota, and La Crosse, Wisconsin (45 miles). The 9,100 square foot Dollar General is strategically located along US Route 14 which is the area’s primary east-west thoroughfare. The Dollar General was constructed in 2016. There are 15 years remaining on the Dollar General lease which expires on July 31, 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 east-west thoroughfare

 

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