Discount
Dollar General
1100 River Dr, North Sioux City, SD 57049
Listing Price: $1,863,636
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 1101 River Drive in North Sioux City, South Dakota. The property consists of approximately 10,640 square feet of building space and is situated on roughly 1.57 acres of land. The Dollar General opened in July 2022 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on July 28, 2022 and is set to expire on July 31, 2037. The current annual rent is $102,500 and is scheduled to increase by 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: $1,863,636
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 1101 River Drive in North Sioux City, South Dakota. The property consists of approximately 10,640 square feet of building space and is situated on roughly 1.57 acres of land. The Dollar General opened in July 2022 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on July 28, 2022 and is set to expire on July 31, 2037. The current annual rent is $102,500 and is scheduled to increase by 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.
