x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Dollar General, Aberdeen, WA

Dollar General, Aberdeen, WA


Investment Summary

Price $3,533,000
Cap Rate 6.00%
NOI $211,932
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 5% rental increases every five (5) years
Year Built 2024
Building Size 10,640 SF
Lot Size 1.27 acres (55,224 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to major national tenant with over 19,000 locations nationwide
» Guaranteed by Dollar General Corporation (NYSE: “DG”; over $37B in 2023 revenue)
» 5% rental increases every five (5) years
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for a passive or out-of-area investor

STRONG LOCATION IN HIGH TOURISM REGION
» High-visibility and easily accessible location on U.S. Route 12/Olympic Highway, Aberdeen’s primary retail corridor, with access to 23,000 vehicles per day directly in front of the site
» Aberdeen is surrounded by natural attractions that generate substantial visitor traffic each year such as Olympic National Park (2,947,503 visitors in 2023) and Mountain Rainier National Park (1,674,294 visitors in 2023)
» Less than a two-hour drive from Seattle, the most populous city in the Washington with a total population of 749,256 in 2022
» Located just six miles from Grays Harbor College (1,553 students)
» Located five miles from Aberdeen High School (868 students)

POSITIONED IN CENTER OF ABERDEEN, SIGNIFICANTLY INCREASING PROPERTY VISIBILITY
» 15,677 residents live within five miles of the site, establishing a stable customer base for the site
» High average annual household income of $103,244 within one mile of the site (projected 16% increase by 2028)
» Projected population and AAHI increases within 1-,3-, and 5-mile radii over the next five years poise Dollar General and Aberdeen for steady concurrent growth
» Dollar General is only minutes away from local community hubs such as Highland Golf Club, Makarenko Park, Grays Harbor College, Aberdeen High School, and other community hotspots

BRAND NEW 2024 CONSTRUCTION IN TAX FREE STATE
» New high-quality 2024 construction built to the latest Dollar General prototype
» Large pylon sign located in front of store to generate additional visibility and traffic
» Washington is an income tax-free state

Property Description

» This Dollar General boasts excellent visibility on U.S. Route 12/Olympic Highway, Aberdeen’s primary retail corridor, with access to 23,000 vehicles per day directly in front of the site
» Aberdeen is surrounded by natural attractions that generate substantial visitor traffic each year, such as Olympic National Park (2,947,503 visitors in 2023) and Mountain Rainier National Park (1,674,294 visitors in 2023)
» The property is located less than a two-hour drive from Seattle, the most populous city in the State with a total population of 749,256 in 2022
» The site is just six miles from Grays Harbor College (1,553 students)
» 50,629 residents live within 15 miles of the site, providing a stable customer base
» Projected population and AAHI increases within 1-,3-,and 5-mile radii over the next five years poise Dollar General and Aberdeen for steady concurrent growth

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link