Dollar General

• Rare 9% Base Term Rent Increase – The tenant negotiated a modified rent schedule that includes a 9% rent increase in February 2030. This structure is very uncommon and delivers a yield increase during the primary term, boosting the in-place cap rate from 6.75% to 7.36%, providing the buyer with built-in income growth and inflation protection.
• Early 15-Year Extension – In August 2024, Dollar General extended its lease for an additional 15 years and restructured its renewal terms to include 6 total options. This extremely rare, early commitment paired with an 85th percentile ranking in site visitation (AlphaMap) demonstrates strong performance, tenant dedication, and long-term income stability for an investor.
• Limited Competition — With no traditional grocery or competing dollar stores in the immediate area, this location serves as the primary neighborhood destination for everyday essentials. Minimal competition drives steady foot traffic and secures a long-term customer base.
• Corporate Guarantee – The lease is guaranteed by Dollar General Corporation, a Fortune 100 company and the largest dollar store retailer in the nation, with over 21,000 locations across 48 states. Dollar General carries BBB investment-grade long-term credit ratings from S&P’s Global. This strong guarantee provides the landlord with a heightened sense of security.