Dollar General,
Casper, WY Investment Summary
| Price | $1,899,000 |
| Cap Rate | |
| NOI | |
| 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 | 10% Rental Increases Every Five (5) Years In Option Periods |
| Year Built | 2022 |
| Building Size | 0.98 Acres (42,689 SF) |
| Lot Size | 10,640 SF |
| Status | Closed |
| 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 Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY TO GROWING RETAIL TENANT
» New 15-year Absolute NNN lease to growing retail tenant
» Corporate guaranty (NYSE: “DG”)
» 10% rental increases in initial term and option periods, providing a hedge against inflation
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor
MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth
STRATEGIC LOCATION WITH HIGHWAY ACCESS
» Located West Yellowstone Highway/U.S. Highway 26, which experiences a traffic count of 15,460 vehicles per day near the site
» Serving the community west of North Platte River that runs through Casper with minimal competition
» Population of 58,685 people within a five-mile radius
NEW 2022 CONSTRUCTION
» High-quality 2022 construction built to Dollar General’s latest
Property Description
SOLD
» Centrally located on West Yellowstone Highway/U.S. Highway 26, which experiences a traffic count of 15,460 vehicles per day near the site
» West Yellowstone Highway/U.S. Highway 26 is a major east-west corridor in Wyoming
» Serving the community west of North Platte River that runs through Casper with minimal competition
» Population of 58,685 people within a five-mile radius
» The City of Casper is a recreation-filled town, where visitors and locals an enjoy everything from skiing at Hogadon basin to hiking, fishing, and golfing
» Walking distance from Mountain View School (207 students), providing the site with an immediate customer source
