NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Burns, OR. • This store is 9,026 SF with upgraded façade and is opening in June 2021.
NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the three, 5-year option periods.
BURNS, OR • Burns is located in central Oregon 280 miles SE of Portland and 190 miles West of Boise, ID. • This store sits on US Hwy 20 (7,300 VPD) which is the main retail corridor through both Burns and nearby Hines, OR. • There are numerous surrounding national retailers including: Safeway, McDonalds, Rite Aid, Grocery Outlet, Big R, Dairy Queen, NAPA, and more. • Located directly across the street from Burns High School (252 Students). • Home to Harney District Hospital, a 25-bed Hospital that employs over 200 people in the area. • Burns Municipal Airport is a 680 Acre airport that supports 8,000 aircraft operations per year. • Burns is the county seat of Harney County. Harney County is the largest county in Oregon in terms of physical size.
OREGON • Oregon is the ninth largest and 27th most populous U.S. state. • Oregon is one of only five states that have no sales tax. • Nike, Inc. is headquartered in Beaverton, OR which is the state’s largest public corporation with an annual revenue of $30.6 billion. • Oregon’s economy is powered by agriculture, fishing, hydroelectric power and OR is also the top timber producer in the U.S. • Technology is another one of Oregon’s major economic forces, with the establishment of the Silicon Forest and the expansion of Tektronix and Intel. • Oregon’s natural marvels attract over 29 million tourists per year.
ESSENTIAL RETAILER • Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020. • Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees. • Dollar General opened another 1,000 stores in 2021 and are forecasted to expand another 1,050 locations in 2021.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 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.