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.