• Investment-Grade Tenancy – The lease features a direct corporate guaranty from Dollar General Corporation, delivering elite credit stability and an uncompromised revenue stream to the asset. Dollar General’s recession-resilient business model ensures consistent performance through all economic cycles.
• Absolute NNN Lease Structure – Operating under an Absolute NNN lease structure, the tenant handles all real estate taxes, property insurance, and structural/non-structural maintenance. This completely pass-through lease provides an out-of-state or passive investor with a hands-off, friction-free vehicle.
• Established Build-to-Suit Asset – Developed as a corporate build-to-suit in 2016, the ±9,230 SF building sits on ±1.17 acres of land along the market’s primary commercial corridor. This proven operational history anchors the tenant’s commitment to the local community.
• Compounding Yield Upside – The contract includes four (4) automatic 5-year renewal options. Each successive option triggers a 10% rent hike, increasing the annual Net Operating Income (NOI) from its current base of $88,500 up to $129,572.88 by the final option period.
• Affluent Submarket & High Consumer Spending – The property capitalizes on a high-earning small-town demographic, boasting a 3-mile average household income of $108,698 and capturing its share of a dense local market driving over $67 Million in annual consumer spending.