Skip to main content

Discount

Brand New Construction Dollar General | Spokane, WA MSA

40203 N Newport Hwy, Elk, WA 99009

Listing Price: $2,388,632

Cap Rate
5.70%
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
$12.80

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2022 construction Dollar General. The Property benefits from being located directly on HWY 2 (8,700+ VPD), the main arterial connecting Spokane and Newport. This Dollar General is located roughly 30 miles north of downtown Spokane, the second largest city in Washington. The Property features 15 years of lease term and is guaranteed by DG Retail, LLC (Dollar General Corporate). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 18,200+ stores in 47 states and has 31 years of proven consecutive same-store sales growth through FY2021.

Investment Highlights

  • NEW CONSTRUCTION / LONG-TERM 15-YEAR LEASE
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION-PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE

Exclusively Listed By

Discount

Brand New Construction Dollar General | Spokane, WA MSA

Listing Price: $2,388,632

Cap Rate
5.70%
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
$12.80

Investment Highlights

  • NEW CONSTRUCTION / LONG-TERM 15-YEAR LEASE
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION-PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2022 construction Dollar General. The Property benefits from being located directly on HWY 2 (8,700+ VPD), the main arterial connecting Spokane and Newport. This Dollar General is located roughly 30 miles north of downtown Spokane, the second largest city in Washington. The Property features 15 years of lease term and is guaranteed by DG Retail, LLC (Dollar General Corporate). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 18,200+ stores in 47 states and has 31 years of proven consecutive same-store sales growth through FY2021.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower