Dollar General,
Gillette, WY Investment Summary
| Price | $1,964,000 |
| 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 | 10,542 SF |
| Lot Size | ±1.50 Acres (65,340 SF) |
| Status | Sold |
| 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 option periods, providing a hedge against inflation
» No landlord management making this an 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 TOURIST-DRIVEN LOCATION AT THE CENTER OF GILLETTE
» Located along South Douglas Highway/Highway 59 on Shoshone Avenue with excellent visibility and access to a combined 18,281 vehicles per day near the site
» Tourist-driven location with 27 hotels, with 2,139 combined rooms, all within five miles of the site
» 3.5 miles from Campbell County Memorial Hospital (90 beds and 150-bed long-term facility, 1,100+ employees)
» Minutes from Gillette College (2,165 students), Thunder Basin High School (1,161 students), and Buffalo Ridge Elementary School (393 students)
» 36,890 residents reside within a five-mile radius
» High average annual household income average of $101,183 within three miles (projected 9% increase by 2027)
NEW 2022 CONSTRUCTION
» High-quality 2022 construction built to Dollar General’s latest prototype
» Prominent pylon sign attracting additional traffic to the site
» Wyoming is one of the most tax friendly states
Property Description
Sold
» Dollar General is located along South Douglas Highway/Highway 59 on Shoshone Avenue with excellent visibility and access to a combined 18,281 vehicles per day near the site
» The property is close to well-attended schools, including Gillette College (2,165 students), Thunder Basin High School (1,161 students), and Buffalo Ridge Elementary School
» The site is situated near a tourist-driven location with 27 hotels (2,139 combined rooms) all within five miles of the site
» 3.5 miles from Campbell County Memorial Hospital (90 beds and 150-bed long-term facility, 1,100+ employees)
» One hour away from Devils Tower, the nation’s first National Monument (500,000 annual visitors)
