Dollar General

Dollar General

181 NW Birch St
Pilot Rock, OR

Price: $2,868,000
Cap: 5.00%
NOI: $143,400
Building Size: 10,640 SF
Lot Size: 1.19 AC

Investment Highlights

NEW BUILD TO SUIT DOLLAR GENERAL
• The subject property is a 10,640 SF Dollar General located in Pilot Rock, OR.
• This store is opening in August 2022 and sits on 1.19 AC of land.

NEAR THE TRI-CITIES
• The Tri-Cities are three closely linked cities (Kennewick, Pasco, and Richland) at the confluence of the Yakima, Snake, and Columbia Rivers in the Columbia Basin of Eastern Washington.
• Pilot Rock is located an hour south of the Tri-Cities off Hwy 395 (29,500 VPD)
• The Tri Cities MSA Population is over 300,000
• Tri-Cities airport is the largest airport in Southeastern WA and serves nearly 700,000 passengers annually.
• Home to multiple colleges and universities including Columbia Basin College (8,000 Students), Washington State University (2,000 Students) and more.
• The Columbia Center Mall is a shopping center in Kennewick and is the largest mall in Southeastern Washington that attracts shoppers from all over the region including Oregon.

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 18,200 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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