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Dollar General

78 Sagle Rd, Sagle, ID 83860

Listing Price: $2,508,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.78

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF upgraded construction Dollar General located in Sagle, ID • This store is currently being built and is schedule to deliver in July 2022. AFFULENT MARKET WITH GROWTH • The 5 Mile Population Growth is 11.67% and the Average Household Income is $84,828 which is superior to most Dollar General Locations. NEAR SPOKANE, WA • This Dollar General is 65 miles northeast of Spokane, WA off Hwy 95 (16,000 VPD) • 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. SANDPOINT, ID • The subject property is only 6 miles south of Sandpoint on Hwy 95 (16,000 VPD) • Sandpoint in the largest city and the county seat of Bonner County. • Major economic contributors in Sandpoint include forest products, light manufacturing, tourism, recreation and government services. • Sandpoint is home to Schweitzer Mountain Resort, Idaho’s largest ski resort that sees over 250,000 skiers per season. • Home to Sandpoint Airport that supports 30,000 aircraft operations 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 1,050 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

  • Upgraded Construction Dollar General Delivery July 2022
  • 15-Year NNN Lease
  • 5 Mile Avg. HHI $84,328 11.67% Growth
  • Investment Grade Tenant 18,000+ Locations
  • 6 Miles From Sandpoint Largest City in Bonner County

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Discount

Dollar General

Listing Price: $2,508,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.78

Investment Highlights

  • Upgraded Construction Dollar General Delivery July 2022
  • 15-Year NNN Lease
  • 5 Mile Avg. HHI $84,328 11.67% Growth
  • Investment Grade Tenant 18,000+ Locations
  • 6 Miles From Sandpoint Largest City in Bonner County

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 10,640 SF upgraded construction Dollar General located in Sagle, ID • This store is currently being built and is schedule to deliver in July 2022. AFFULENT MARKET WITH GROWTH • The 5 Mile Population Growth is 11.67% and the Average Household Income is $84,828 which is superior to most Dollar General Locations. NEAR SPOKANE, WA • This Dollar General is 65 miles northeast of Spokane, WA off Hwy 95 (16,000 VPD) • 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. SANDPOINT, ID • The subject property is only 6 miles south of Sandpoint on Hwy 95 (16,000 VPD) • Sandpoint in the largest city and the county seat of Bonner County. • Major economic contributors in Sandpoint include forest products, light manufacturing, tourism, recreation and government services. • Sandpoint is home to Schweitzer Mountain Resort, Idaho’s largest ski resort that sees over 250,000 skiers per season. • Home to Sandpoint Airport that supports 30,000 aircraft operations 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 1,050 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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