Dollar General Market,
Thompson Falls, MT Investment Summary
| Price | $2,463,000 |
| Cap Rate | 5.85% |
| NOI | $144,090 |
| 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 | 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
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
» 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
