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Limon Net Lease Group

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9-Store Dollar General Portfolio in the Midwest (Kentucky, Tennessee)

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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

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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