Dollar General

Dollar General

1101 Oregon Avenue
Burns, OR

Price: $2,473,000
Cap: 5.50%
NOI: $135,972
Building Size: 9,026 SF
Lot Size: 1.15 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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