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Dollar General

30 RD AND E RD., Grand Junction, CO 81504

Listing Price: $2,691,000

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.15

Investment Overview

5 MILE POPULATION: 100,512 WITH 5.54% GROWTH
• The subject property is located in Grand Junction, which is about 4 hours west of Denver, CO on Interstate 70.
• The 5 mile population is 100,512 with 5.54% growth and an average household income of $71,770 which is superior to most Dollar General Locations.

NEAR BUSIEST RETAIL CORRIDOR IN WESTERN CO
• The Dollar General is positioned directly off Hwy 6 (23,000 VPD) and is only 4 miles from the main retail corridor in Grand Junction.
• National retailers in this corridor include Target, The Home Depot, Lowe’s Home Improvement, REI, Hobby Lobby and more.
• Mesa Mall is 6 miles from this Dollar General. Mesa Mall is 836,721 SF and has over 120 stores.

GRAND JUNCTION | LARGEST CITY IN WESTERN CO
• Grand Junction is a home rule municipality that is the county seat and the most populous city in Mesa County and Western Colorado.
• Tourism is a major economic driver. Grand Junction supports over 1.65 million guests per year that contribute $269 Million in spending and creates 5,500 jobs.
• Grand Junction Regional Airport is the largest airport in Western Colorado and is the third largest in the state. The Grand Junction area has developed as a mountain biking destination, with many bikers coming from the Front Range of Colorado, the Salt Lake City area, and as far away as California to enjoy the area’s abundant single-track trails

COLORADO MESA UNIVERSITY | 11,000 STUDENTS
• Colorado Mesa University is only 10 minutes down the street from this Dollar General. 11,000 students are enrolled and 1,000 faculty members work at this university.
• Grand Junction VA Medical Center is 3 miles from this Dollar General with more 70 Doctors serving 14,500 patients annually.
• Western Colorado College is also 15 minutes away and has over 3,000 students enrolled.

2023 UPGRADED DOLLAR GENERAL | 15- YEAR CORPORATE NNN LEASE
• New 10,640 SF upgraded construction Dollar General located in Grand Junction, CO that opened in May 2023.
• Brand new 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure.
• There are 10% rent increases in each of the three, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,000 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Investment Highlights

  • 2023 Upgraded Dollar General | Opened May 2023
  • 5 Mile Population 100,512 With 5.54% Growth
  • Near Busiest Retail Corridor In Western CO
  • Grand Junction Largest City In Western CO
  • 15 Year Corporate NNN Lease
  • Investment Grade Tenant | 19,300 + Locations

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Listing Price: $2,691,000

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.15

Investment Highlights

  • 2023 Upgraded Dollar General | Opened May 2023
  • 5 Mile Population 100,512 With 5.54% Growth
  • Near Busiest Retail Corridor In Western CO
  • Grand Junction Largest City In Western CO
  • 15 Year Corporate NNN Lease
  • Investment Grade Tenant | 19,300 + Locations

Investment Overview

5 MILE POPULATION: 100,512 WITH 5.54% GROWTH • The subject property is located in Grand Junction, which is about 4 hours west of Denver, CO on Interstate 70. • The 5 mile population is 100,512 with 5.54% growth and an average household income of $71,770 which is superior to most Dollar General Locations. NEAR BUSIEST RETAIL CORRIDOR IN WESTERN CO • The Dollar General is positioned directly off Hwy 6 (23,000 VPD) and is only 4 miles from the main retail corridor in Grand Junction. • National retailers in this corridor include Target, The Home Depot, Lowe’s Home Improvement, REI, Hobby Lobby and more. • Mesa Mall is 6 miles from this Dollar General. Mesa Mall is 836,721 SF and has over 120 stores. GRAND JUNCTION | LARGEST CITY IN WESTERN CO • Grand Junction is a home rule municipality that is the county seat and the most populous city in Mesa County and Western Colorado. • Tourism is a major economic driver. Grand Junction supports over 1.65 million guests per year that contribute $269 Million in spending and creates 5,500 jobs. • Grand Junction Regional Airport is the largest airport in Western Colorado and is the third largest in the state. The Grand Junction area has developed as a mountain biking destination, with many bikers coming from the Front Range of Colorado, the Salt Lake City area, and as far away as California to enjoy the area’s abundant single-track trails COLORADO MESA UNIVERSITY | 11,000 STUDENTS • Colorado Mesa University is only 10 minutes down the street from this Dollar General. 11,000 students are enrolled and 1,000 faculty members work at this university. • Grand Junction VA Medical Center is 3 miles from this Dollar General with more 70 Doctors serving 14,500 patients annually. • Western Colorado College is also 15 minutes away and has over 3,000 students enrolled. 2023 UPGRADED DOLLAR GENERAL | 15- YEAR CORPORATE NNN LEASE • New 10,640 SF upgraded construction Dollar General located in Grand Junction, CO that opened in May 2023. • Brand new 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,000 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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