Discount

Dollar General | 13+ Years

320 3rd St NE, Hartley, IA 51346

Listing Price: $825,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
13.50
Gross SF
8,073
Guarantor
Corporate Guarantee
Rentable SF
8,073
Price/Gross SF
$102.19
Lease Type
Double Net
Rent Per Square Feet
$6.64

Investment Overview

NEW RENOVATED CONSTRUCTION • New Dollar General that occupies a 8,073 SF renovated building in Hartley, IA. • This store is a standard prototype construction and opened in March 2019. ATTRACTIVE LOW RENT & PRICE POINT • This store has a low rent and price point, which makes it an attractive investment opportunity to a large number of buyers. STRATEGIC RETAIL LOCATION • Well-positioned on the primary retail thoroughfare in the heart of Hartley, IA providing easy access for local residents. • There is no competition from any other dollar store in this market. • The 5-mile average household income is $67,308, which is superior typical Dollar General locations. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 16,500 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

  • 13+ YEARS REMAINING
  • LOW RENT AND PRICE POINT
  • RENOVATED FOR DOLLAR GENERAL IN 2019
  • PUBLICLY GRADED INVESTMENT GRADE TENANT
  • $27.8 BILLION ANNUAL REVENUE

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Discount

Dollar General | 13+ Years

Listing Price: $825,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
13.50
Gross SF
8,073
Guarantor
Corporate Guarantee
Rentable SF
8,073
Price/Gross SF
$102.19
Lease Type
Double Net
Rent Per Square Feet
$6.64

Investment Highlights

  • 13+ YEARS REMAINING
  • LOW RENT AND PRICE POINT
  • RENOVATED FOR DOLLAR GENERAL IN 2019
  • PUBLICLY GRADED INVESTMENT GRADE TENANT
  • $27.8 BILLION ANNUAL REVENUE

Investment Overview

NEW RENOVATED CONSTRUCTION • New Dollar General that occupies a 8,073 SF renovated building in Hartley, IA. • This store is a standard prototype construction and opened in March 2019. ATTRACTIVE LOW RENT & PRICE POINT • This store has a low rent and price point, which makes it an attractive investment opportunity to a large number of buyers. STRATEGIC RETAIL LOCATION • Well-positioned on the primary retail thoroughfare in the heart of Hartley, IA providing easy access for local residents. • There is no competition from any other dollar store in this market. • The 5-mile average household income is $67,308, which is superior typical Dollar General locations. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated. • Currently over 16,500 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

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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