NNN Dollar General For Sale Date November 4, 2016
The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased NNN Dollar General property located in Madison, MN. Madison is the county seat of Lac qui Parle County. The 9,026 square foot NNN Dollar General is strategically located along 8th Avenue (US Route 75) which is the primary north-south thoroughfare in the trade area. The Dollar General was constructed in 2015. There are over 14 years remaining on the Dollar General lease which expires on November 30, 2030. 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 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 (2015)