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Dollar General | Large Format | Early Extension | 9.9 Years Remaining

164 Broad St, Lyndonville, VT 05851

Listing Price: $4,200,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
17,725
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.23

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a top-performing large format Dollar General located at 164 Broad Street, Lyndonville, Vermont 05851. The subject property is a plus size store consisting of 17,725 square feet and is situated on approximately 1.90 acres. Dollar General is subject to a fifteen-year triple-net (NNN) lease, which commenced in 2010. According to Placer.ai, this location is ranked among the top 98 percent of 14,013 nationally and ranked #1 in the entire state based on trailing twelve months of foot traffic. Additionally, as a show of commitment to the location, Dollar General extended their lease early in 2021 for an additional six years. Pushing the term remaining on their lease to approximately ten-years with two five-year extension options with 10 percent rental increases.

Investment Highlights

  • Dollar General is Subject to a Triple-Net (NNN) Lease with Minimal Landlord Responsibilities
  • This Location Ranks #1 in Vermont and in The Top 98 Percent of Over 14,000 National Locations Based on Number of Visits Within Trailing 12-Months – Placer.ai
  • As a Show of Commitment to Site, Dollar General Extended their Lease Early for an Additional Six Years | Approximately 10-Years Remaining
  • Subject Property is Larger than Traditional Dollar General Stores, Allowing for a More Optimized Assortment of Products
  • Traffic Counts Exceeding 10,000 Vehicles per Day Along Broad Street, Directly in Front of the Property
  • Investment Grade Tenant | S&P Rating: BBB | Corporate Guaranteed Lease

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Financing By

Discount

Dollar General | Large Format | Early Extension | 9.9 Years Remaining

Listing Price: $4,200,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
17,725
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.23

Investment Highlights

  • Dollar General is Subject to a Triple-Net (NNN) Lease with Minimal Landlord Responsibilities
  • This Location Ranks #1 in Vermont and in The Top 98 Percent of Over 14,000 National Locations Based on Number of Visits Within Trailing 12-Months – Placer.ai
  • As a Show of Commitment to Site, Dollar General Extended their Lease Early for an Additional Six Years | Approximately 10-Years Remaining
  • Subject Property is Larger than Traditional Dollar General Stores, Allowing for a More Optimized Assortment of Products
  • Traffic Counts Exceeding 10,000 Vehicles per Day Along Broad Street, Directly in Front of the Property
  • Investment Grade Tenant | S&P Rating: BBB | Corporate Guaranteed Lease

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a top-performing large format Dollar General located at 164 Broad Street, Lyndonville, Vermont 05851. The subject property is a plus size store consisting of 17,725 square feet and is situated on approximately 1.90 acres. Dollar General is subject to a fifteen-year triple-net (NNN) lease, which commenced in 2010. According to Placer.ai, this location is ranked among the top 98 percent of 14,013 nationally and ranked #1 in the entire state based on trailing twelve months of foot traffic. Additionally, as a show of commitment to the location, Dollar General extended their lease early in 2021 for an additional six years. Pushing the term remaining on their lease to approximately ten-years with two five-year extension options with 10 percent rental increases.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

Financing By

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