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Dollar General

181 NW Birch St, Pilot Rock, OR 97868

Listing Price: $2,957,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.48

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • The subject property is a 10,640 SF Dollar General located in Pilot Rock, OR. • This store is opening in August 2022 and sits on 1.19 AC of land. NEAR THE TRI-CITIES • The Tri-Cities are three closely linked cities (Kennewick, Pasco, and Richland) at the confluence of the Yakima, Snake, and Columbia Rivers in the Columbia Basin of Eastern Washington. • Pilot Rock is located an hour south of the Tri-Cities off Hwy 395 (29,500 VPD) • The Tri Cities MSA Population is over 300,000 • Tri-Cities airport is the largest airport in Southeastern WA and serves nearly 700,000 passengers annually. • Home to multiple colleges and universities including Columbia Basin College (8,000 Students), Washington State University (2,000 Students) and more. • The Columbia Center Mall is a shopping center in Kennewick and is the largest mall in Southeastern Washington that attracts shoppers from all over the region including Oregon. OREGON • Oregon is one of only five states that have no state sales tax. • Oregon is the ninth largest and 27th most populous U.S. state • Nike, Inc. is headquartered in Beaverton, OR which is the state’s largest public corporation with an annual revenue of $30.6 billion. • Oregon’s economy is powered by agriculture, fishing, hydroelectric power and OR is also the top timber producer in the U.S. • Oregon’s natural marvels attract over 29 million tourists per year. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New 2022 BTS Dollar General | Opening Aug 2022
  • Near The Tri-Cities | Population Over 300,000
  • No State Sales Tax
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,000 + Locations

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Discount

Dollar General

Listing Price: $2,957,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.48

Investment Highlights

  • New 2022 BTS Dollar General | Opening Aug 2022
  • Near The Tri-Cities | Population Over 300,000
  • No State Sales Tax
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,000 + Locations

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • The subject property is a 10,640 SF Dollar General located in Pilot Rock, OR. • This store is opening in August 2022 and sits on 1.19 AC of land. NEAR THE TRI-CITIES • The Tri-Cities are three closely linked cities (Kennewick, Pasco, and Richland) at the confluence of the Yakima, Snake, and Columbia Rivers in the Columbia Basin of Eastern Washington. • Pilot Rock is located an hour south of the Tri-Cities off Hwy 395 (29,500 VPD) • The Tri Cities MSA Population is over 300,000 • Tri-Cities airport is the largest airport in Southeastern WA and serves nearly 700,000 passengers annually. • Home to multiple colleges and universities including Columbia Basin College (8,000 Students), Washington State University (2,000 Students) and more. • The Columbia Center Mall is a shopping center in Kennewick and is the largest mall in Southeastern Washington that attracts shoppers from all over the region including Oregon. OREGON • Oregon is one of only five states that have no state sales tax. • Oregon is the ninth largest and 27th most populous U.S. state • Nike, Inc. is headquartered in Beaverton, OR which is the state’s largest public corporation with an annual revenue of $30.6 billion. • Oregon’s economy is powered by agriculture, fishing, hydroelectric power and OR is also the top timber producer in the U.S. • Oregon’s natural marvels attract over 29 million tourists per year. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

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