Absolute Net Dollar General (13.5 Yrs Left) 16340 S Jonesville Rd

Marcus & Millichap is pleased to present the Dollar General in Columbus, Indiana.
This 10,640 square foot Dollar General was built in 2023 and sits on a large 2.73 acre parcel. Dollar General signed an original 15-year lease that commenced in May of 2023 and is set to expire in April of 2038, leaving more than 13.5 years left on the lease. The lease is considered absolute net, with the landlord having zero responsibilities other than paying the tax bill and being reimbursed by the Tenant. There are five, five-year renewal options available, each of which has a rent increase.

Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 20,150 stores, which span across 48 states and territories, positioned in more than 7,740 different cities. For the 2024 trailing twelve months, as of September 2024, the company reports an annual revenue of $39.67 billion, which was an increase from $38.69 billion from the prior year 2023. S&P has granted Dollar General an investment grade credit of ‘BBB.’ Dollar General embraces store growth as its model for expansion as they opened over 1,000 new stores in 2022 and 987 new stores in 2023. In 2023 alone, the company completed more than 3,000 new projects; with 987 new stores, 2,007 remodels and 129 relocations. Dollar General’s site selection and operations continue to impress with the company posting 32 consecutive years of same-store sales growth.