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Dollar General Market, Thompson Falls, MT

Dollar General Market, Thompson Falls, MT


Investment Summary

Price $2,376,000
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 2023
Building Size 12,480 SF
Lot Size 1.8 acres (78,408 SF)
Status Under Contract
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

15-YEAR ABSOLUTE NNN LEASE WITH A CORPORATE GUARANTY
» 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General Market offers a wide range of products, including groceries, household essentials, personal care items, and much more
» 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 $34.2B
» Dollar General ranked #106 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

READY TO PROVIDE FOR A WIDE AND UNDER-SERVED AREA WITH 2,661 RESIDENTS WITHIN A FIVE-MILE RADIUS
» Highly visible and accessible location along Montana State Route 200 / Main Street with excellent visibility and access to 6,478 vehicles per day
» 2,661 residents within a five-mile radius of this location
» Supported by an average annual household income of $72,060 within 15 miles of this site
» This Dollar General Market will be an extremely attractive grocery store option for Thompson Falls residents
» Projected income increases within 5-, 10-, and 15-mile radii over the next five years, poising this Dollar General Market and Thompson Falls for steady concurrent growth

NEW 2023 CONSTRUCTION BUILT TO THE LATEST DOLLAR GENERAL MARKET PROTOTYPE
» High-quality 2023 construction built to latest Dollar General Market prototype
» Site features accessible corner entry with wainscot as well as ample parking (44 total spaces) on a large 1.8-acre parcel

Property Description

SOLD

» High-Visibility Location: Located along Montana State Highway 200 / Main Street with access to 6,478 vehicles passing directly in front of the site
» Essential Retail Option: This Dollar General Market will be an extremely attractive grocery store option for the residents of Thompson Falls
» Reliable Customer Base: Beneficial proximity to the Thompson Falls schools (each located less than 2 miles from the site) with a combined student count of 569
» Surrounded by Community Hubs: This property is surrounded by Thompson Falls’ primary community hubs and traffic drivers, such as Green Acres Ranch, Thompson Falls State Park, Rivers Bend Country Club, and Bear Creek Resort
» Upgraded Construction: The location features a high-quality upgraded 2023 construction with wainscot, ideal for capturing passing commuters
» Growing Demographics: Projected income increases of more than 12% within 5-, 10-, and 15-mile radii by 2028

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