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Dollar General

601 Main Street, Nyssa, OR 97913

Listing Price: $2,663,000

Cap Rate
5.10%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
6,775
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.05

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Nyssa, OR • This store has upgraded construction and is opening in December 2021. NEAR BOISE, ID • The subject property is located 25 miles NW of “Treasure Valley” which consists of the 3 largest cities in ID: Boise, Nampa, and Meridian. • Boise is the largest city in Idaho and has a combined MSA population of 749,202. • Home to multiple universities including Boise State University (24,103 students) and University of Idaho (10,791 students) • Boise is headquarters for several major companies including Boise Cascade LLC, Albertsons, Simplot Company and many more. • Boise airport is the busiest airport in Idaho with over 2 million passengers per year. OREGON • Oregon is one of only five states that have no state sales tax. • Oregon is the ninth largest and 27th most populous U.S. state • Nike, Inc. is headquartered in Beaverton, OR which is the state’s largest public corporation with an annual revenue of $30.6 billion. • Oregon’s economy is powered by agriculture, fishing, hydroelectric power and OR is also the top timber producer in the U.S. • Oregon’s natural marvels attract over 29 million tourists per year. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Dollar General Opening Dec 2021
  • Boise MSA Location Largest City In Idaho
  • Oregon Has No State Sales Tax
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Listing Price: $2,663,000

Cap Rate
5.10%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
6,775
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.05

Investment Highlights

  • New Upgraded Dollar General Opening Dec 2021
  • Boise MSA Location Largest City In Idaho
  • Oregon Has No State Sales Tax
  • 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Nyssa, OR • This store has upgraded construction and is opening in December 2021. NEAR BOISE, ID • The subject property is located 25 miles NW of “Treasure Valley” which consists of the 3 largest cities in ID: Boise, Nampa, and Meridian. • Boise is the largest city in Idaho and has a combined MSA population of 749,202. • Home to multiple universities including Boise State University (24,103 students) and University of Idaho (10,791 students) • Boise is headquarters for several major companies including Boise Cascade LLC, Albertsons, Simplot Company and many more. • Boise airport is the busiest airport in Idaho with over 2 million passengers per year. OREGON • Oregon is one of only five states that have no state sales tax. • Oregon is the ninth largest and 27th most populous U.S. state • Nike, Inc. is headquartered in Beaverton, OR which is the state’s largest public corporation with an annual revenue of $30.6 billion. • Oregon’s economy is powered by agriculture, fishing, hydroelectric power and OR is also the top timber producer in the U.S. • Oregon’s natural marvels attract over 29 million tourists per year. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

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