PROPERTY, LEASE & LOCATION DETAILS
- Strong 9.25% cap rate
- ± 1.50 years remaining on a NN+ lease
- Dollar General has been operating at this site since 2003, displaying a strong commitment to the location
- Extremely cheap rent, only $6.17 / SF
- Two (2), Five (5) Year Options
- 10% rent increases in Options
- Tenant reimburses Landlord up to $3,656 annually for Landlord’s actual cost/maintenance of the Parking Lot (includes lighting, cleaning, snow removal and striping)
- Tenant is required to carry a quarterly maintenance contract to service the HVAC units
- Tenant is responsible for all repairs under $750
- Average Household Income in Dollar General’s “Sweet-Spot”
- Ideal demographics for a discount retailer such as Dollar General
TENANT
- Dollar General is the only investment grade credit dollar store
- S&P credit rating: BBB (raised from BBB- in late 2015)
- Dollar General currently operates over 13,000 stores across the U.S.
- Dollar General is among the largest discount retailers in the country
Broker of Record
- Kyle Matthews
- License No. 226027771
- (310) 919-5757
- Matthews Retail Group, Inc.
- 841 Apollo Street. Suite 150,
El Segundo, CA 90245