Dollar General,
Columbia Falls, MT Investment Summary
| Price | $2,655,000 |
| Cap Rate | 5.50% |
| NOI | $146,000 |
| 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 | 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 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
» 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
