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Dollar General

513 S Park St, Chewelah, WA 99109

Listing Price: $2,941,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$276.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.82

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • The subject property is a 10,640 SF Dollar General located in Chewelah, WA. • This store is delivering in September 2022 and sits on 1.52 AC of land. SPOKANE MSA • This Dollar General is 48 miles north of Spokane, WA on Hwy 395 (9,409 VPD) and is in the Spokane MSA. • Spokane is the county seat of Spokane County and is the 2nd largest city in WA with a population of 208,916. • As the metropolitan center of the Inland Northwest, Spokane serves as a commercial, manufacturing, transportation, medical, shopping, and entertainment hub. • Spokane is home to many higher education institutions including Spokane College (10,375 Students), Gonzaga University (7,421 Students), Whitman University (1,360 Students) and many more. • Home to Spokane International Airport which is the second largest airport in the state serving over 4 million passengers annually. WASHINGTON • Washington State has no state income tax. • Washington is the 18th-largest state, with an area of 71,362 square miles, and the 13th-most populous state, with more than 7.7 million people. • Washington is a leading lumber producer and is the largest producer of apples, hops, pears, blueberries, spearmint oil, and sweet cherries in the U.S. • Manufacturing industries in Washington include aircraft, missiles, shipbuilding, and other transportation equipment, food processing, metals and metal products, chemicals, and machinery. • The state consistently ranks among the best for life expectancy and low unemployment. 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 83 years and has a current net worth of over $54.4 billion.

Investment Highlights

  • New 10,640 SF Dollar General | Delivering Sept 2022
  • Spokane MSA
  • No State Income Tax
  • 15-Year Income Tax
  • Investment Grade Tenant | 18,200 + Locations

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Discount

Dollar General

Listing Price: $2,941,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$276.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.82

Investment Highlights

  • New 10,640 SF Dollar General | Delivering Sept 2022
  • Spokane MSA
  • No State Income Tax
  • 15-Year Income Tax
  • Investment Grade Tenant | 18,200 + Locations

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • The subject property is a 10,640 SF Dollar General located in Chewelah, WA. • This store is delivering in September 2022 and sits on 1.52 AC of land. SPOKANE MSA • This Dollar General is 48 miles north of Spokane, WA on Hwy 395 (9,409 VPD) and is in the Spokane MSA. • Spokane is the county seat of Spokane County and is the 2nd largest city in WA with a population of 208,916. • As the metropolitan center of the Inland Northwest, Spokane serves as a commercial, manufacturing, transportation, medical, shopping, and entertainment hub. • Spokane is home to many higher education institutions including Spokane College (10,375 Students), Gonzaga University (7,421 Students), Whitman University (1,360 Students) and many more. • Home to Spokane International Airport which is the second largest airport in the state serving over 4 million passengers annually. WASHINGTON • Washington State has no state income tax. • Washington is the 18th-largest state, with an area of 71,362 square miles, and the 13th-most populous state, with more than 7.7 million people. • Washington is a leading lumber producer and is the largest producer of apples, hops, pears, blueberries, spearmint oil, and sweet cherries in the U.S. • Manufacturing industries in Washington include aircraft, missiles, shipbuilding, and other transportation equipment, food processing, metals and metal products, chemicals, and machinery. • The state consistently ranks among the best for life expectancy and low unemployment. 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 83 years and has a current net worth of over $54.4 billion.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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