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Dollar General

1100 River Dr, North Sioux City, SD 57049

Listing Price: $1,863,636

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
0.5
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.63

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.

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

Listing Price: $1,863,636

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
0.5
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.63

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.

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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