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Dollar General | Brand New 15-Year Absolute NNN Lease | Spokane/Coeur d'Alene MSA

510051 US-95, Bonners Ferry, ID 83805

Listing Price: $2,329,536

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$13.78

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2023 construction Dollar General. The Property is located in the rapidly growing Spokane/Coeur d'Alene MSA and benefits from its direct exposure on HWY 2 & 95 (8,800+ VPD). The Subject Property is located roughly 35 miles north of Sandpoint, ID, and Lake Pend Oreille, the largest Ski Resort and lake respectively in Idaho. The Property features 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 19,000+ stores in 47 states and in the 2022 fiscal year saw $37.8 Billion in sales nationwide.

Investment Highlights

  • NEW CONSTRUCTION / LONG-TERM 15-YEAR LEASE
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION-PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE
  • RAPIDLY GROWING SUBMARKET

Exclusively Listed By

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Discount

Dollar General | Brand New 15-Year Absolute NNN Lease | Spokane/Coeur d'Alene MSA

Listing Price: $2,329,536

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$13.78

Investment Highlights

  • NEW CONSTRUCTION / LONG-TERM 15-YEAR LEASE
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION-PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE
  • RAPIDLY GROWING SUBMARKET

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2023 construction Dollar General. The Property is located in the rapidly growing Spokane/Coeur d'Alene MSA and benefits from its direct exposure on HWY 2 & 95 (8,800+ VPD). The Subject Property is located roughly 35 miles north of Sandpoint, ID, and Lake Pend Oreille, the largest Ski Resort and lake respectively in Idaho. The Property features 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 19,000+ stores in 47 states and in the 2022 fiscal year saw $37.8 Billion in sales nationwide.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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