Discount
Dollar General | Absolute NNN | Long-Term Lease | 2020 Construction
9172 US-19E, Newland (Asheville MSA), NC 28657
Listing Price: $1,850,000
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.
Dollar General | Absolute NNN | Long-Term Lease | 2020 Construction
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
Discount
Dollar General | Absolute NNN | Long-Term Lease | 2020 Construction
Listing Price: $1,850,000
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
