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Grocery Store

Dollar General Market

180 River Pl Ave, Bowling Green, KY 42101

Listing Price: $3,000,000

Cap Rate
6.50%
Tenant Name
Dollar General Market
Years Remaining On Lease
3.4
Gross SF
24,350
Guarantor
Corporate Guarantee
Rentable SF
24,350
Price/Gross SF
$123.20
Lease Type
Double Net
Rent Per Square Feet
$8.01

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar General Market located in Bowling Green, Kentucky. The subject property has a double-net lease with three and a half years remaining. There is a larger format "market" store with enhances architecture that offers groceries, home goods, apparel, and typical dollar store merchandise. Dollar General Market is being offered for $3.00 million

Investment Highlights

  • Top Performing Dollar Store Brand with High YOY Top Line Sales Growth and YOY Same-Store Sales Growth
  • 1.2 Miles to Interstate 65 with 55,991 Cars per Day
  • Dollar General Market Double-Net Lease with Three and a Half Years Remaining in Bowling Green, Kentucky
  • 7.15 Percent CAP in First Option with Scheduled Rent Increase
  • Larger Format "Market" Store with Enhanced Architecture Offering Groceries, Home Goods, Apparel, and Typical Dollar Store Merchandise
  • High Intrinsic Value in Large 2004-Built 24,350-Square-Foot Masonry Building and Oversized Three-Acre Parcel
  • High Traffic Counts: Located Off of US-31W with 27,468 Cars per Day – Major Thoroughfare Connecting Downtown Bowling Green to Interstate 65
  • Priced Well-Below Replacement Cost at $123 per Square Foot

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Listing Price: $3,000,000

Cap Rate
6.50%
Tenant Name
Dollar General Market
Years Remaining On Lease
3.4
Gross SF
24,350
Guarantor
Corporate Guarantee
Rentable SF
24,350
Price/Gross SF
$123.20
Lease Type
Double Net
Rent Per Square Feet
$8.01

Investment Highlights

  • Top Performing Dollar Store Brand with High YOY Top Line Sales Growth and YOY Same-Store Sales Growth
  • 1.2 Miles to Interstate 65 with 55,991 Cars per Day
  • Dollar General Market Double-Net Lease with Three and a Half Years Remaining in Bowling Green, Kentucky
  • 7.15 Percent CAP in First Option with Scheduled Rent Increase
  • Larger Format "Market" Store with Enhanced Architecture Offering Groceries, Home Goods, Apparel, and Typical Dollar Store Merchandise
  • High Intrinsic Value in Large 2004-Built 24,350-Square-Foot Masonry Building and Oversized Three-Acre Parcel
  • High Traffic Counts: Located Off of US-31W with 27,468 Cars per Day – Major Thoroughfare Connecting Downtown Bowling Green to Interstate 65
  • Priced Well-Below Replacement Cost at $123 per Square Foot

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Dollar General Market located in Bowling Green, Kentucky. The subject property has a double-net lease with three and a half years remaining. There is a larger format "market" store with enhances architecture that offers groceries, home goods, apparel, and typical dollar store merchandise. Dollar General Market is being offered for $3.00 million

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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