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Discount

Dollar General

910 W Steuben Street, Bingen, WA 98672

Listing Price: $3,048,000

Cap Rate
4.90%
Tenant Name
Dollar General
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.41

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is an upgraded construction 9,100 SF Dollar General located in Bingen, WA. • This store is delivering in September 2022 and sits on 0.88 AC of land. WASHINGTON HAS NO STATE INCOME TAX • Washington State is one of 9 U.S. states that 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. NEAR PORTLAND, OR • The subject property is located 60 miles northeast of Portland off Interstate 84 (13,135 VPD). • Portland is the largest and most populous city in the state of Oregon with a population of 652,503. • Portland’s combined statistical area (CSA) ranks 19th-largest in the US with a population of around 3.2 million. Approximately 47% of Oregon’s population resides within the Portland metropolitan area. • The Port of Portland is the third-largest export tonnage port on the west coast of the U.S. and being about 80 miles (130 km) upriver, it is the largest fresh-water port. • The area is home to the global, North American or U.S. headquarters of Nike, Adidas, and Columbia Sportswear. • Computer component manufacturer Intel is the largest employer in Portland, employing 15,000 people across several campuses in the area. 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

  • 2022 Upgraded Construction | Delivering Sept 2022
  • No State Income Tax
  • Near Portland, OR
  • 15-Year NNN Lease
  • 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: $3,048,000

Cap Rate
4.90%
Tenant Name
Dollar General
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.41

Investment Highlights

  • 2022 Upgraded Construction | Delivering Sept 2022
  • No State Income Tax
  • Near Portland, OR
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is an upgraded construction 9,100 SF Dollar General located in Bingen, WA. • This store is delivering in September 2022 and sits on 0.88 AC of land. WASHINGTON HAS NO STATE INCOME TAX • Washington State is one of 9 U.S. states that 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. NEAR PORTLAND, OR • The subject property is located 60 miles northeast of Portland off Interstate 84 (13,135 VPD). • Portland is the largest and most populous city in the state of Oregon with a population of 652,503. • Portland’s combined statistical area (CSA) ranks 19th-largest in the US with a population of around 3.2 million. Approximately 47% of Oregon’s population resides within the Portland metropolitan area. • The Port of Portland is the third-largest export tonnage port on the west coast of the U.S. and being about 80 miles (130 km) upriver, it is the largest fresh-water port. • The area is home to the global, North American or U.S. headquarters of Nike, Adidas, and Columbia Sportswear. • Computer component manufacturer Intel is the largest employer in Portland, employing 15,000 people across several campuses in the area. 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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