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Dollar General, Eureka, MT

Dollar General, Eureka, MT


Investment Summary

Price $2,235,000
Cap Rate 6.00%
NOI $134,052
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 1.976 acres (65,340 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
» 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 $37.8B
» 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 IN MONTANA CITY NEAR CANADIAN BORDER
» Located along U.S. Route 93/Dewey Avenue with 6,723 vehicles per day passing directly in front of the store
» U.S. Route 93 is a major north-south thoroughfare traversing the entirety of Eureka and connecting Arizona with British Columbia, allowing the site to capture significant commuter traffic
» 7.5 miles from the United States/Canada border and the closest Dollar General location to Canada in the State of Montana
» Projected 18% income increases within 5-, 10-, and 15-mile radii over the next five years poise Dollar General and Eureka for steady concurrent growth
» The surrounding community has an average annual household income over $69,916 within 15 miles of the property

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 (50 total spaces)

Property Description

» This Dollar General is located along U.S. Route 93/Dewey Avenue with 6,723 vehicles per day passing directly in front of the store
» U.S. Route 93 is a major north-south thoroughfare traversing the entirety of Eureka and connecting Arizona with British Columbia, allowing the site to capture significant commuter traffic
» The property is 7.5 miles from the United States/Canada border and the closest Dollar General location to Canada in the State of Montana
» Projected 18% income increases within 5-, 10-, and 15-mile radii over the next five years poise Dollar General and Eureka for steady concurrent growth
» This brand new Dollar General is a high-quality upgraded 2023 construction featuring Dollar General’s large-format store model and ample parking with 50 total parking stalls

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