Discount

Dollar General

Listing Price: $1,363,548

Cap Rate
6.65%
Years Remaining On Lease
14.00
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$151.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.07

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 1008 Highway Drive in Hazen, North Dakota. The property consists of approximately 9,002 square feet of building space and is situated on roughly 0.96 acres of land.
The Dollar General opened in September 2019 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on September 20, 2019 and expires on September 30, 2034. The current annual rent is $90,676 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
  • Recently Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offer
  • Rental Increases of 10% In Each Option Period

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Listing Price: $1,363,548

Cap Rate
6.65%
Years Remaining On Lease
14.00
Gross SF
9,002
Guarantor
Corporate Guarantee
Rentable SF
9,002
Price/Gross SF
$151.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.07

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Recently Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offer
  • Rental Increases of 10% In Each Option Period

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 1008 Highway Drive in Hazen, North Dakota. The property consists of approximately 9,002 square feet of building space and is situated on roughly 0.96 acres of land.
The Dollar General opened in September 2019 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on September 20, 2019 and expires on September 30, 2034. The current annual rent is $90,676 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

MM Texture Background
MM Textured Background Lower