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Dollar General | Abs. Net | 11+ Yrs. | Upgraded Construction

929 Whittier Hwy, Moultonborough, NH 03254

Listing Price: $2,430,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$14.85

Investment Overview

Marcus & Millichap is pleased to present the offering for the Dollar General located at 929 Whittier Highway, Moultonborough, New Hampshire 03254. This subject property was build-to-suit in 2017 and currently has over eleven years remaining on an absolute net lease. The lease comes equipped with 10 percent rental increases at the beginning of options, and five, five-year renewal options. The tenant is solely responsible for the premises including the improvements, reimburses landlord for taxes, and pays common area maintenance, and insurance directly. The subject property is located off Whittier Highway with access and visibility to over 11,500 vehicles per day. Subject property benefits from being located on the main thoroughfare of Moultonborough. Dollar General operates a chain of over 16,979 discount stores in 46 states, as of 10/30/2020 primarily in the Southern and Eastern US, the Midwest, and the Southwest. The company offers basic household supplies including cleaning supplies, health and beauty aids, food and apparel. Most of the merchandise which is carried in the Dollar General stores is priced between $1 and $35. It generates about 75 of sales from consumables and another 10 percent from seasonal items.

Investment Highlights

  • 11-Years Remaining Absolute Net Lease | Zero Landlord Responsibility | Upgraded Construction
  • Strong Hedge Against Inflation | 10 Percent Rental Increases in Options | Five, Five-Year Options Remaining
  • Rare Upgraded Construction | Strong Architectural Appeal
  • Nichiha (Prefinished Fiber Cement Panels) and Vinyl Siding, Metal Gabled Pitched Roof and Metal Awning for Increased Snow Load
  • Investment Grade Credit Tenant (S&P "BBB") | Corporate Guaranteed
  • Essential Retailer | Dollar General Has Thrived During the Pandemic and Delivered their 31st Consecutive Year of Same Store Sales Growth in 2020
  • Located on the Main Thoroughfare of Moultonborough, Whittier Highway with Access and Visibility to Over Over 11,500 Vehicles Per Day
  • Only Dollar Store Within a 10-Mile Radius | New Hampshire is an Income Tax Free State

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    License(s) NH: 005566

    New Hampshire

Discount

Dollar General | Abs. Net | 11+ Yrs. | Upgraded Construction

Listing Price: $2,430,000

Cap Rate
5.50%
Tenant Name
Dollar General
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$14.85

Investment Highlights

  • 11-Years Remaining Absolute Net Lease | Zero Landlord Responsibility | Upgraded Construction
  • Strong Hedge Against Inflation | 10 Percent Rental Increases in Options | Five, Five-Year Options Remaining
  • Rare Upgraded Construction | Strong Architectural Appeal
  • Nichiha (Prefinished Fiber Cement Panels) and Vinyl Siding, Metal Gabled Pitched Roof and Metal Awning for Increased Snow Load
  • Investment Grade Credit Tenant (S&P "BBB") | Corporate Guaranteed
  • Essential Retailer | Dollar General Has Thrived During the Pandemic and Delivered their 31st Consecutive Year of Same Store Sales Growth in 2020
  • Located on the Main Thoroughfare of Moultonborough, Whittier Highway with Access and Visibility to Over Over 11,500 Vehicles Per Day
  • Only Dollar Store Within a 10-Mile Radius | New Hampshire is an Income Tax Free State

Investment Overview

Marcus & Millichap is pleased to present the offering for the Dollar General located at 929 Whittier Highway, Moultonborough, New Hampshire 03254. This subject property was build-to-suit in 2017 and currently has over eleven years remaining on an absolute net lease. The lease comes equipped with 10 percent rental increases at the beginning of options, and five, five-year renewal options. The tenant is solely responsible for the premises including the improvements, reimburses landlord for taxes, and pays common area maintenance, and insurance directly. The subject property is located off Whittier Highway with access and visibility to over 11,500 vehicles per day. Subject property benefits from being located on the main thoroughfare of Moultonborough. Dollar General operates a chain of over 16,979 discount stores in 46 states, as of 10/30/2020 primarily in the Southern and Eastern US, the Midwest, and the Southwest. The company offers basic household supplies including cleaning supplies, health and beauty aids, food and apparel. Most of the merchandise which is carried in the Dollar General stores is priced between $1 and $35. It generates about 75 of sales from consumables and another 10 percent from seasonal items.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    License(s): NH: 005566

    New Hampshire

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