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Dollar General | Absolute NNN | Long-Term Lease | 2020 Construction

9172 US-19E, Newland (Asheville MSA), NC 28657

Listing Price: $1,850,000

Cap Rate
5.55%
Tenant Name
Dollar General
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.28

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Dollar General Absolute NNN property located in Newland, North Carolina. Built in 2020, this location has 13 years left of its original 15-year term, as well as five, five-year renewal options with 10% rent increases with each option. This acquisition is ideal for an investor looking to add a property with an investment grade tenant (NYSE: DG) to their portfolio.   Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 18,000 stores in 47 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Investment Highlights

  • Long-Term Lease with Approximately 13 Years Remaining-Lease Commenced September 2020
  • New Development-2020 Build-to-Suit for Dollar General
  • Absolute Triple-Net Lease Structure-Zero Landlord Responsibilities
  • Investment-Grade Corporate Guarantee Tenant (NYSE: DG) Dollar General is an Essential and Recession-Proof Business
  • Five, Five-Year Renewal Options with 10 Percent Rental Escalators at Each Option Renewal
  • Main Source of Retail Shopping for the Town of Newland

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Discount

Dollar General | Absolute NNN | Long-Term Lease | 2020 Construction

Listing Price: $1,850,000

Cap Rate
5.55%
Tenant Name
Dollar General
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$11.28

Investment Highlights

  • Long-Term Lease with Approximately 13 Years Remaining-Lease Commenced September 2020
  • New Development-2020 Build-to-Suit for Dollar General
  • Absolute Triple-Net Lease Structure-Zero Landlord Responsibilities
  • Investment-Grade Corporate Guarantee Tenant (NYSE: DG) Dollar General is an Essential and Recession-Proof Business
  • Five, Five-Year Renewal Options with 10 Percent Rental Escalators at Each Option Renewal
  • Main Source of Retail Shopping for the Town of Newland

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Dollar General Absolute NNN property located in Newland, North Carolina. Built in 2020, this location has 13 years left of its original 15-year term, as well as five, five-year renewal options with 10% rent increases with each option. This acquisition is ideal for an investor looking to add a property with an investment grade tenant (NYSE: DG) to their portfolio.   Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 18,000 stores in 47 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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