9-Store Dollar General Portfolio in the Midwest (Kentucky, Tennessee)
Listing Price $13,538,230
Status | Active |
Lease Type | Absolute Net |
Property Type | Net Lease |
CAP Rate | 5.2% |
NOI | $703,988 |
Lease Term Remaining | 12 Years |
Increases | 10% in Each Option |
Options | 5 x 5 Years |

Investment Highlights
- Absolute NNN Lease with a 15-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases in 5, 5-Year Options
- Investment Grade Tenant Dollar General is the Country’s Largest Small Box Discount Retailer with Over 18,000 Stores and a Credit Rating of BBB by Standard & Poor’s
- Ten-Percent Increases in Options Provides Investors with Long Term Inflation Hedge from a Credit Worthy Tenant
- Most Subjects Built Near Recreational Waterways, Including the Mississippi River, the Ohio River, the Tennessee River, and Kentucky Lake
- All Newer Construction, Units Were Completed in 2019
- Assumable Loan With Ten Years Remaining at 4.065% Interest Rate With Total Pre-Tax Return of 6.39%
Investment Overview
Subjects Include Nine, Prime Build-to-Suit Dollar Generals with Ample Parking, Easy Ingress/Egress and Strategically Located to Limit Competition
Similar Properties
Active Listings
Lease Type: Absolute Net
Midwestern Absolute NNN Walgreens With 12 Years Remaining On Base Term
Dubuque, IA
Lease Type: Absolute Net
Absolute NNN Walgreens With 11 Years Base Remaining | Huntsville AL MSA
Albertville, AL
Lease Type: Absolute Net