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Dollar General Market, Victor, MT

Dollar General Market, Victor, MT


Investment Summary

Price $2,582,000
Cap Rate 6.25%
NOI $161,394
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 5% rental increases every five (5) years in initial term and option periods
Year Built 2024
Building Size 12,480 SF
Lot Size 2.22 acres (96,790 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 major 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
» 5% rental increases every five (5) years in initial term and 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 2023
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates 19,371+ locations in 47 states with plans for significant future growth

PRIME LOCATION ON VICTOR’S PRIMARY RETAIL THOROUGHFARE
» High-visibility and easily accessible location on U.S. Route 93, Victor’s primary retail thoroughfare, with access to 13,545 vehicles per day directly in front of the site
» 36,702 residents live within 15 miles of the site, establishing a stable customer base for the property
» Average annual household income of $89,615 within 10 miles of the site (projected 11% increase by 2028)
» Projected population and AAHI increases within 5-, 10-, and 15-mile radii over the next five years poise Victor and Dollar General for steady concurrent growth
» Centrally located near several Victor schools and community hubs, including Victor Public School (236 students), Victor Volunteer Rural Fire Department, Victor Park, Cavalry » Baptist Church, Cowboy Troy’s, and many others

NEW HIGH-QUALITY 2024 CONSTRUCTION BUILT ON 2.22 ACRES
» New 2024 construction built to Dollar General Market’s latest prototype
» Larger footprint building (12,480 SF) to accommodate for more grocery store-type items
» Large pylon sign located in front of store to generate additional visibility and traffic

Property Description

» High-Visibility Location: This Dollar General boasts excellent visibility on U.S. Route 93, the main thoroughfare in Victor, with access to 13,545 AADT directly in front of the site (largest traffic count in the area)
» Affluent Region: The site is positioned in an affluent location with an average annual household income of $89,615 within 10 miles of the site (projected 11% increase by 2028)
» Reliable Customer Base: The property is centrally located near several Victor schools and community hubs, including Victor Public School (236 students), Victor Volunteer Rural Fire Department, Victor Park, Cavalry Baptist Church, Cowboy Troy’s, and many others
» Growing Demographics: Projected population and AAHI increases within 5-,10-, and 15-mile radii over the next five years poise Victor and Dollar General for steady concurrent growth
» Upgraded Construction: The location features a high-quality 2024 construction with a larger footprint building (12,480 SF) to accommodate for more grocery store-type items

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