• Investment-Grade Tenancy: The lease is corporately guaranteed by Dollar General Corporation, a publicly traded, blue-chip retailer with an investment-grade BBB credit rating from Standard & Poor’s. This corporate backing provides investors with enhanced security, predictable income durability, and strong risk-adjusted stability.
• Absolute NNN Lease Structure: The property operates under an Absolute Triple-Net (NNN) lease, whereby the tenant is responsible for 100% of operating expenses, including taxes, insurance, and maintenance. This structure delivers truly passive ownership with zero landlord obligations and minimal management oversight.
• Modern Prototype Construction: Constructed in 2016 on a +1.32-acre lot, the ±10,640 SF asset features modern construction standards tailored to Dollar General’s larger prototype design. The newer vintage significantly reduces near-term capital expenditure risk and mitigates concerns surrounding deferred maintenance.
• Built-In Inflation Hedge: The lease structure features attractive 10% rent escalations at each of the four (4) secondary, 5-year renewal options. This compounding structure provides a reliable hedge against inflation and steadily drives long-term asset valuation.
• Dense, High-Income Demographics: Unlike typical rural dollar stores, this location is positioned in a robust metro submarket featuring an established 5-mile population of 142,445 residents and an impressive 3-mile average household income of $85,777.