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Single Tenant Dollar General

Single Tenant Dollar General Property For Sale

Date November 4, 2016

The Boulder Group is pleased to exclusively market for sale a new construction, net leased single tenant Dollar General property located in Pomona, MO. Pomona is located midway between Willow Springs and West Plains. The 9,100 square foot single tenant Dollar General is strategically located at the intersection of US Route 63 and Route N. US Route 63 is the primary north-south thoroughfare in the trade area while Route N is the 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)
  • Located at the intersection of both the area’s primary north-south thoroughfare and east-west thoroughfare
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