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
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