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Dollar General - Plainview, NE 705 Park Ave

10,640 SF Retail Building Plainview, NE 68769 £1,423,598 (£134/SF) 7% Net Initial Yield

Investment Highlights

  • Brand-new 15-year lease featuring 10% rental increases in the options
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Dollar General generated $38.7 billion in net sales and a net income of $1.7 billion in FY2023
  • 2023 build-to-suit construction to tenant’s latest prototype
  • Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
  • Dollar General currently operates ~20,000 stores in 48 states, making it the country’s largest small-box discount retailer

Executive Summary

A corporate absolute NNN Dollar General with over 14 years remaining in the primary term and four, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with ~20,000 stores nationwide.

Attachments

DollarGeneral_PlainviewNE

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
C
Year Built
2023
Price
£1,423,598
Price Per SF
£134
Net Initial Yield
7%
NOI
£99,646
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Land Acres
1.09 AC
Parking
30 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
270 ft on West Park Avenue
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PROPERTY TAXES

Parcel Number 700011487 Improvements Assessment £0
Land Assessment £9,820 Total Assessment £9,820

PROPERTY TAXES

Parcel Number
700011487
Land Assessment
£9,820
Improvements Assessment
£0
Total Assessment
£9,820
(513) 300-0763

  • Listing ID: 32669018

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 705 Park Ave, Plainview, NE 68769

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© 2024 CoStar Group

Dollar General - Plainview, NE | 705 Park Ave
(513) 300-0763 x

Dollar General - Plainview, NE | 705 Park Ave

Brian Brockman

(513) 300-0763

(513) 300-0763

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