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Dollar General

3400 Haines Ave, Rapid City, SD 57701

Listing Price: $1,883,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Overview

Marcus & Millichap is pleased to present the broker opinion of value for a Dollar General located at 3400 North Haines Avenue in Rapid City, South Dakota. The property consists of approximately 9,100 square feet of building space and is situated on roughly .92 acres of land. The Dollar General opened in December of 2020 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on July 28, 2021 and expires on July 31, 2036. The current annual rent is $94,150 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Rental Increases of 10% In Each Option Period

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Financing By

Listing Price: $1,883,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Rental Increases of 10% In Each Option Period

Investment Overview

Marcus & Millichap is pleased to present the broker opinion of value for a Dollar General located at 3400 North Haines Avenue in Rapid City, South Dakota. The property consists of approximately 9,100 square feet of building space and is situated on roughly .92 acres of land. The Dollar General opened in December of 2020 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on July 28, 2021 and expires on July 31, 2036. The current annual rent is $94,150 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

Financing By

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