Discount
Dollar General
416 US-14, Highmore, SD 57345
Listing Price: $1,561,368
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 416 US-14 in Highmore, South Dakota. The property consists of approximately 9,026 square feet of building space and is situated on roughly 1.24 acres of land. The Dollar General opened in September 2022 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on September 22, 2022 and is set to expire on September 30, 2037. The current annual rent is$91,340 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.
Listing Price: $1,561,368
Investment Highlights
- Brand New Construction | Build-to-Suit Dollar General
- Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
- Rental Increases of 10% In Each Option Period
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 416 US-14 in Highmore, South Dakota. The property consists of approximately 9,026 square feet of building space and is situated on roughly 1.24 acres of land. The Dollar General opened in September 2022 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on September 22, 2022 and is set to expire on September 30, 2037. The current annual rent is$91,340 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.
