Investment Overview

Marcus and Millichap is pleased to present the Dollar General in Atwater, Minnesota. The 9,100 square foot building was built-to-suit for Dollar General in 2016, and sits on about 1.08 acres. Dollar General signed an original 15-year lease that commenced in August 2016 and set to expire in August 2031, leaving about seven-and-a-half years remaining on the base lease term. There are five, five-year renewal options available, each of which having a ten percent rent increase. The lease is absolute triple net, with the landlord having zero responsibilities. There is limited dollar store competition nearby, with the nearest Dollar General being 12 miles away in Litchfield. Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. Dollar General operates more than 19,200 stores across the continental United States. The company was founded in 1939 as J.L. Turner and Son and then in 1968 as Dollar General Corporation. The company reports annual revenue in excess of $37.84 Billion, a 10.59% increase from 2022. There are more than 170,000 employees. The company is publicly traded on the New York Stock Exchange under the ticker symbol “DG” and is an S&P 500 Component with a S&P credit rating of BBB.