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Dollar General, Columbia Falls, MT

Dollar General, Columbia Falls, MT


Investment Summary

Price $2,433,333
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 2023
Building Size 10,640 SF
Lot Size 1.504 acres (65,514 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

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

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH EXCELLENT CORPORATE GUARANTY
» 15-year absolute NNN lease to major retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Fixed rent in the initial term with 10% rental increases every five (5) years in option periods
» 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 $37.8 billion
» Dollar General ranked #108 on Fortune 500 list in 2022
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 19,147 locations in 47 states with plans for significant future growth

PROMINENT LOCATION ON COLUMBIA FALLS’ PRIMARY RETAIL AND TRANSPORTATION CORRIDOR
» Central location on 9th Street West, Columbia Falls’ primary retail and transportation corridor with 28,137 vehicles per day passing directly in front of the store
» Close proximity to many of Columbia Falls’ major community hubs including Super 1 Foods, Columbia Falls High School, Weyerhaeuser MDF Plant and many others
» Strong surrounding customer base with 11,490 residents within three miles of the property
» The surrounding community is affluent with an average household income over $97,000 within five miles of the property and projected to grow by 12.5% over the next five years, poising Columbia Falls and Dollar General for strong concurrent growth

NEW 2023 HIGH-QUALITY CONSTRUCTION WITH LARGE FORMAT STORE MODEL
» High-quality upgraded 2023 construction with Dollar General’s large format store model
» Site features ample parking (36 total spaces)

Property Description

SOLD

» New 15-Year Absolute NNN Lease with Excellent Corporate Guaranty
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Central location on 9th Street West, Columbia Falls’ primary retail and transportation corridor with, 28,137 vehicles per day passing directly in front of the store
» Close proximity to many of Columbia Falls’ major community hubs including Super 1 Foods, Columbia Falls High School, Weyerhaeuser MDF Plant and many others
» High-quality upgraded 2023 construction with Dollar General’s Large Format Store Model

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