Discount
Dollar General | Relocation of High-Performing Store | 15-Year Absolute NNN
E Bow Dr, Cherokee, IA 51012
Listing Price: $2,386,000
Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$53.68
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Cherokee, IA.
Dollar General | Relocation of High-Performing Store | 15-Year Absolute NNN
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Relocation of High-Performing Store, Proven Concept in Trade Area
- Investment Grade Credit Tenant (Rated 'BBB' by S&P), #112 on Fortune 500 in 2025
- Dollar General is the Nation's Largest Retailer with 20,450+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Strategic Location, Nearest Dollar General and Family Dollar Store is Over 20 Miles Away
- Surrounded by Affluent Communities, Average Household Incomes Exceed $77,000 in 1 Mile and $79,000 in 3 Miles
Broker of Record
Discount
Dollar General | Relocation of High-Performing Store | 15-Year Absolute NNN
Listing Price: $2,386,000
Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$53.68
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Relocation of High-Performing Store, Proven Concept in Trade Area
- Investment Grade Credit Tenant (Rated 'BBB' by S&P), #112 on Fortune 500 in 2025
- Dollar General is the Nation's Largest Retailer with 20,450+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Strategic Location, Nearest Dollar General and Family Dollar Store is Over 20 Miles Away
- Surrounded by Affluent Communities, Average Household Incomes Exceed $77,000 in 1 Mile and $79,000 in 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Cherokee, IA.
Broker of Record
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