Dollar General

Dollar General

601 Main Street
Nyssa, OR

Price: $2,663,000
Cap: 5.10%
NOI: $135,813
Building Size: 6,775 SF
Lot Size: .69 AC

Investment Highlights

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL
• Brand new Build to Suit Dollar General located in Nyssa, OR
• This store has upgraded construction and is opening in December 2021.

NEAR BOISE, ID
• The subject property is located 25 miles NW of “Treasure Valley” which consists of the 3 largest cities in ID: Boise, Nampa, and Meridian.
• Boise is the largest city in Idaho and has a combined MSA population of 749,202.
• Home to multiple universities including Boise State University (24,103 students) and University of Idaho (10,791 students)
• Boise is headquarters for several major companies including Boise Cascade LLC, Albertsons, Simplot Company and many more.
• Boise airport is the busiest airport in Idaho with over 2 million passengers per year.

OREGON
• Oregon is one of only five states that have no state sales tax.
• Oregon is the ninth largest and 27th most populous U.S. state
• 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.
• Oregon’s natural marvels attract over 29 million tourists per year.

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 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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