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Dollar General

101 S Main St, Fayette, IA 52142

Listing Price: $1,033,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
0.4
Gross SF
8,582
Guarantor
Corporate Guarantee
Rentable SF
8,582
Price/Gross SF
$120.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.22

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Fayette, Iowa. The renovated Dollar General is positioned in the perfect area with zero discount store or grocery competition in the market. An original 10-year lease was signed in 2018, leaving 7 years are lease term remaining. There are two, five-year options with 10% increases, providing a hedge against inflation. The building was renovated in 2018 and has minimal landlord responsibilities. Dollar General (NYSE: DG) is the largest small-box discount retailer in the country with over 17,000 stores. For fiscal year 2020, the company reported total sales exceeding $33 Billion and a net worth over $6.6 Billion (S&P: ‘BBB’ investment grade credit rating). Dollar General embraces store growth as its model for expansion as they plan to open 1,200 stores in 2022 and remodel 1,750 other locations. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Investment Highlights

  • Original 10 Year Lease |7 Years of Lease Term Remaining | Minimal Landlord Responsibilities
  • Zero Discount Store or Grocery Competition in the Market
  • Two, Five-Year Renewal Options with 10% Increases Providing Hedge Against Inflation
  • Dollar General has 18,000 Stores & Reports Annual Revenue in Excess of $33.7 Billion | S&P Investment Grade Credit Rating of 'BBB'
  • Dollar General plans to Build 1,200 more Locations in 2022 and Remodel 1,750 other Locations
  • Tenant has over 31 Consecutive Years of Same-Store Sales Growth Demonstrating Excellent Site Selection and Operational Performance

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Discount

Dollar General

Listing Price: $1,033,000

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
0.4
Gross SF
8,582
Guarantor
Corporate Guarantee
Rentable SF
8,582
Price/Gross SF
$120.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.22

Investment Highlights

  • Original 10 Year Lease |7 Years of Lease Term Remaining | Minimal Landlord Responsibilities
  • Zero Discount Store or Grocery Competition in the Market
  • Two, Five-Year Renewal Options with 10% Increases Providing Hedge Against Inflation
  • Dollar General has 18,000 Stores & Reports Annual Revenue in Excess of $33.7 Billion | S&P Investment Grade Credit Rating of 'BBB'
  • Dollar General plans to Build 1,200 more Locations in 2022 and Remodel 1,750 other Locations
  • Tenant has over 31 Consecutive Years of Same-Store Sales Growth Demonstrating Excellent Site Selection and Operational Performance

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located in Fayette, Iowa. The renovated Dollar General is positioned in the perfect area with zero discount store or grocery competition in the market. An original 10-year lease was signed in 2018, leaving 7 years are lease term remaining. There are two, five-year options with 10% increases, providing a hedge against inflation. The building was renovated in 2018 and has minimal landlord responsibilities. Dollar General (NYSE: DG) is the largest small-box discount retailer in the country with over 17,000 stores. For fiscal year 2020, the company reported total sales exceeding $33 Billion and a net worth over $6.6 Billion (S&P: ‘BBB’ investment grade credit rating). Dollar General embraces store growth as its model for expansion as they plan to open 1,200 stores in 2022 and remodel 1,750 other locations. Dollar General’s site selection and operations continue to impress with the company posting 31 consecutive years of same-store sales growth.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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