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Dollar General 520 2nd St

12,480 SF Retail Building Rupert, ID 83350 £2,262,063 (£181/SF) 6.25% Net Initial Yield

Investment Highlights

  • New 15-year absolute NNN Lease to major national tenant with over 18,000 locations nation wide
  • Zero Landlord management obligation with tenant responsible for taxes, insurance, and all maintenance including roof and structure
  • Lease is guaranteed by Dollar General Corporation, over $37 billion in 2023 revenue – very strong corporate guarantee
  • Property provides ideal investment opportunity to passive and out of area investors

Executive Summary

Dollar General is ideally positioned on Oneida Street, a key roadway in Rupert, offering excellent visibility and accessibility. This central location benefits from consistent traffic from local residents and visitors passing through town. Located in the heart of Rupert, this property is close to the town’s main amenities and residential areas, ensuring a steady stream of customers throughout the day. The Snake River, a popular destination for outdoor recreation, lies within a short drive, attracting additional foot traffic to the area and benefiting nearby businesses, including Dollar General. Rupert serves as a hub for tourists and travelers exploring southern Idaho, providing businesses in the area with opportunities to attract a diverse range of customers. Minico High School (1,211 students), a major local educational institution, is located just three miles away, bringing regular traffic from students, staff, and families to the surrounding area, further supporting local businesses.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
12,480 SF
Building Class
B
Year Built
2024
Price
£2,262,063
Price Per SF
£181
Net Initial Yield
6.25%
NOI
£141,376
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Lot Size
0.99 AC
Opportunity Zone
Yes
Parking
40 Spaces (3.21 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RPR1890075001A
Land Assessment
£67,130
Improvements Assessment
£41,704
Total Assessment
£108,834
  • Listing ID: 33222863

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 520 2nd St, Rupert, ID 83350

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