Dollar General | E 15TH STREET/US 287 AND ADAMS st
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Dollar General E 15TH STREET/US 287 AND ADAMS st
10,640 SF Retail Building Eads, CO 81036 £1,854,854 (£174/SF) 6.50% Net Initial Yield
Investment Highlights
- New 2024 Construction with extremely rare rental increases during the primary term
- The lease is backed by a corporate guaranty from Dollar General, #91 on the Fortune 500 list of companies
- Brand-new 15-y ear lease with five, 5-year options to extend. 5% rental increases every 5-years during the primary term and option periods.
- Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a “hands-off” investment
Executive Summary
A brand new Dollar General on a 15-year absolute NNN lease backed by a corporate guaranty (NYSE: DG) with four, 5-year options to extend. The subject property is strategically located on US 287.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2024
Price
£1,854,854
Price Per SF
£174
Net Initial Yield
6.50%
NOI
£120,582
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.17 AC
Zoning
C - Commercial
Parking
36 Spaces (3.38 Spaces per 1,000 SF Leased)
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Dollar General | E 15TH STREET/US 287 AND ADAMS st
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