Dollar General

Dollar General

30601 N. Old Hwy 95
Athol, ID

Price: $2,551,000
Cap: 4.85%
NOI: $123,732
Building Size: 10,640 SF
Lot Size: 2.03 AC

Investment Highlights

NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL
• Brand new 10,640 SF Dollar General located in Athol, ID.
• This store is currently being built and is schedule to deliver in February 2022.

32% POPULATION GROWTH
• The 5 Mile Population Growth is 32% and the Average Household Income is $75,765 which is superior to most Dollar General Locations.

NEAR SPOKANE, WA
• This Dollar General is 45 miles northeast of Spokane WA off Hwy 95 (16,000 VPD)
• Spokane is the county seat of Spokane County and is the 2nd largest city in WA with a population of 208,916.
• As the metropolitan center of the Inland Northwest, Spokane serves as a commercial, manufacturing, transportation, medical, shopping, and entertainment hub.
• Spokane is home to many higher education institutions including Spokane College (10,375 Students), Gonzaga University (7,421 Students), Whitman University (1,360 Students) and many more.
• Home to Spokane International Airport which is the second largest airport in the state serving over 4 million passengers annually.

COEUR D’ALENE MSA
• This Dollar General is 15 miles north of Coeur d’Alene off Hwy 95 (16,000 VPD)
• Coeur d’Alene is the county seat of Kootenai County and is the largest city in North Idaho.
• Coeur d’Alene is 20 miles from Spokane, WA. Both Coeur d’Alene and Spokane are located off I-95 (60,000 VPD) and have a combined MSA population of 734,218.
• Coeur d’Alene is the healthcare, educational, media, manufacturing, retail and recreation center for north Idaho.
• The city has a $3.7 Billion tourism industry that employs more than 45,800 people and generates $475 Million for the economy.

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.

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 18,000 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
• Dollar General has announced its expansion into its 47th state. This store is the first Dollar General in Idaho.

Don McMinn
OFFERING MEMORANDUM

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