Investment Overview

The subject property is a freestanding Dollar General store in Clatskanie, Oregon, that was newly constructed in 2018. This ± 7,489 sq. ft. commercial building is situated on a ±1.05-acre lot and provides ample on-site parking of 28 spaces or 3.7 spaces per 1,000 SF of net rentable area. The city of Clatskanie is located just west of the Oregon-Washington border and roughly 50 miles northwest of Portland and 36 miles east of Astoria. This Dollar General 5-mile radius enjoys a population of roughly 4,000 within a 5-mile radius and the city is best known for it’s rich history and gorgeous natural surroundings. With a Household Median Income of $66,028, many residents use Dollar General as their primary shopping store. This property has excellent frontage onto East Columbia River Highway, the only major road running through Clatskanie, with a reported daily traffic count of 8,123 cars. There is approximately 9 years remaining on the absolute triple net (NNN) corporate lease with no landlord responsibilities. There are ten (10%) percent fixed rent increases at the beginning of each 5 year option period. Dollar General, Inc. holds an S&P “BBB” investment grade credit rating. Dollar General operates over 19,400 stores in North America and is the largest national general/convenience store chain in the country.