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Dollar General

416 US-14, Highmore, SD 57345

Listing Price: $1,561,368

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.12

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.

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

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Discount

Dollar General

Listing Price: $1,561,368

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.12

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.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

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