Discount

Dollar General

740 N Perkins St, Lone Tree, IA 52755

Listing Price: $1,100,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.53

Investment Overview

Marcus and Millichap is pleased to present for sale Dollar General located at 740 N Perkins Road, Lone Tree, IA 52755. Dollar General is signed to a 15-year NNN lease that commenced on March 13, 2016. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five(5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal. Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,278 stores in 44 states as of January 31, 2020. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

Investment Highlights

  • 9,026 +/- Square Feet
  • 7.00% CAP Rate
  • 16+ Years Remaining On Initial 15-Year Term
  • Absolute Triple Net (NNN) Lease | No Landlord Expenses
  • Investment Grade Tenant | Standard & Poor's
  • BBB Stable Credit Rating
  • Publicly Traded on the NYSE | 16,278 Stores Nationwide
  • $27.8 Billion Annual Revenue

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

Listing Price: $1,100,000

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.53

Investment Highlights

  • 9,026 +/- Square Feet
  • 7.00% CAP Rate
  • 16+ Years Remaining On Initial 15-Year Term
  • Absolute Triple Net (NNN) Lease | No Landlord Expenses
  • Investment Grade Tenant | Standard & Poor's
  • BBB Stable Credit Rating
  • Publicly Traded on the NYSE | 16,278 Stores Nationwide
  • $27.8 Billion Annual Revenue

Investment Overview

Marcus and Millichap is pleased to present for sale Dollar General located at 740 N Perkins Road, Lone Tree, IA 52755. Dollar General is signed to a 15-year NNN lease that commenced on March 13, 2016. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Five(5), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal. Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,278 stores in 44 states as of January 31, 2020. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

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