Dollar General

Dollar General

320 3rd Street NE
Hartley, IA

Price: $825,000
Cap: 6.50%
NOI: $53,600
Building Size: 8,073 SF
Lot Size: 1.31 AC

Investment Highlights

NEW RENOVATED CONSTRUCTION
• New Dollar General that occupies a 8,073 SF renovated building in Hartley, IA.
• This store is a standard prototype construction and opened in March 2019.

ATTRACTIVE LOW RENT & PRICE POINT
• This store has a low rent and price point, which makes it an attractive investment opportunity to a large number of buyers.

STRATEGIC RETAIL LOCATION
• Well-positioned on the primary retail thoroughfare in the heart of Hartley, IA providing easy access for local residents.
• There is no competition from any other dollar store in this market.
• The 5-mile average household income is $67,308, which is superior typical Dollar General locations.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company and is BBB investment grade rated.
• Currently over 16,500 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

NEW LONG TERM CORPORATE NN LEASE
• The subject property has 13.5 years remaining on a 15-year Corporate Guaranteed NN Lease with 10% rent increases during five, 5-year option periods.
• The Tenant is responsible for Taxes, CAM, Insurance and Parking Lot.
• The Landlord has minimal responsibility for Roof & Structure.
• This Location is Enrolled in the Tenant’s National Insurance Program.

Don McMinn
OFFERING MEMORANDUM

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