Minimum Investment $35,000
Absolute NNN - 14.5 year lease Remaining
Absolute NNN lease offers crowd funders a passive investment opportunity with no landlord responsibilities, with a base lease term that runs through April 30, 2032.
The property is a build-to-suit for Dollar General and represents the latest Dollar General prototype with a mix of masonry, concrete block, and steel construction.
Most new Dollar General leases are flat for 15 years with an escalation in rent only occurring with an exercise of an option period by the tenant. This lease features a 3% increase in year 11, followed by 10% increases at the beginning of each option period.
Annual Rent - Based on $100k Investment
Lease is fully guaranteed by Dollar General Corporation (NYSE: DG; S&P: BBB/Stable), a company currently operating more than 12,575 stores in 43 states. On January 29, 2016, the company reported total revenues of $20.37 billion, net income of $1.17 billion and net worth in excess of 5.38 billion.
learn about our process to own proportional ownership in this building by watching the video below.
The property is not only the sole dollar store within a 15-mile radius, it is one of a select few retailers in the area and will serve as a shopping destination for the area's surrounding population.
The property is ideally situated at a prominent intersection in the Herscher, E State Route 115 Highway 12, and positioned adjacent to a Chevrolet Dealership.