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Dollar General

15 W Main St, Treynor, IA 51575

Listing Price: $1,730,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$162.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Treynor, Iowa. The brand-new, 2022 build-to-suit Dollar General is perfectly positioned off W Main St in Treynor, Iowa. The property benefits from excellent visibility and a five-mile annual household income of $111,163. The location is located just under 20 miles away from Omaha, Nebraska and has zero discount store competition. The lease is a 15-year absolute triple-net (NNN) with the tenant anticipating opening in April of 2022 leaving no landlord responsibilities and the full 15 years of term remaining. There are five, five-year renewal options, each of which having a 10 percent rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2021 fiscal year, the company report total sales exceeding $33.747 billion and an overall net worth over $52.47 billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,000 stores in 2021 with plans to open another 1,100 in 2022. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Investment Highlights

  • Original Build-to-Suit 2022 Construction ¦Full 15 Years Remaining (Est. RCD in April 2022)
  • Absolute Triple-Net (NNN )Lease ¦ Zero Landlord Responsibilities
  • Annual Household Income of $111,163 within Five Miles | Located Less than 20 Miles Away from Omaha, Nebraska
  • New Larger Square Footage Format (10,640 Square-Feet)
  • Investment Grade Credit, Rated 'BBB' by S&P
  • Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
  • 10 Percent Increases in Each of the Five, Five-Year Options ¦ Excellent Hedge Against Inflation

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Discount

Dollar General

Listing Price: $1,730,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$162.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Highlights

  • Original Build-to-Suit 2022 Construction ¦Full 15 Years Remaining (Est. RCD in April 2022)
  • Absolute Triple-Net (NNN )Lease ¦ Zero Landlord Responsibilities
  • Annual Household Income of $111,163 within Five Miles | Located Less than 20 Miles Away from Omaha, Nebraska
  • New Larger Square Footage Format (10,640 Square-Feet)
  • Investment Grade Credit, Rated 'BBB' by S&P
  • Dollar General has 31 Years of Same Store Sales Growth ¦ Opened over 1,000 Stores in 2021 with Plans to Open 1,100 Stores in 2022
  • 10 Percent Increases in Each of the Five, Five-Year Options ¦ Excellent Hedge Against Inflation

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Treynor, Iowa. The brand-new, 2022 build-to-suit Dollar General is perfectly positioned off W Main St in Treynor, Iowa. The property benefits from excellent visibility and a five-mile annual household income of $111,163. The location is located just under 20 miles away from Omaha, Nebraska and has zero discount store competition. The lease is a 15-year absolute triple-net (NNN) with the tenant anticipating opening in April of 2022 leaving no landlord responsibilities and the full 15 years of term remaining. There are five, five-year renewal options, each of which having a 10 percent rent increases providing an excellent hedge against future inflation. Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 17,000 stores. For the 2021 fiscal year, the company report total sales exceeding $33.747 billion and an overall net worth over $52.47 billion. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,000 stores in 2021 with plans to open another 1,100 in 2022. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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