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1355 Grand Ave, Del Norte, CO, 81132

Dollar General

$2,532,277

Key Information

Cap Rate
6.5%
$ per SF
$278
Tot. SF
9,100
Year Built
2026
Term Remaining
± 15 Years
Type
Retail
Occupancy
100%
NOI
$164,598

Highlights

• 2026 built-to-suit construction for Dollar General
• 15 year ABS NNN lease with 5% increases every 5 years (base term + options)
• Corporate guaranty from Dollar General Corporation (Investment Grade Credit: S&P Rated BBB)
• Average household income of $75,641 (considered to be Dollar General’s “Sweet-Spot”)
• This first to market store has limited competition with the nearest Dollar General being over 15 miles away
• Dollar General operates ±21,000 locations and plans to continue their expansion for the foreseeable future
• Dollar General has an investment-grade credit rating of BBB (S&P)
• Dollar General was considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
• Dollar General has a market cap of ±25 billion

Photos

Location

Agents

Broker of Record

Brayden Conner

License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203