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.