NEW BUILD TO SUIT DOLLAR GENERAL • The subject property is a 10,640 SF Dollar General located in Springdale, WA. • This store is delivering in August 2022 and sits on 1.35 AC of land.
SPOKANE MSA • This Dollar General is 38 miles north of Spokane, WA off Hwy 395 (11,166 VPD) and is in the Spokane MSA. 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.
WASHINGTON • Washington State has no state income tax. • Washington is the 18th-largest state, with an area of 71,362 square miles, and the 13th-most populous state, with more than 7.7 million people. • Washington is a leading lumber producer and is the largest producer of apples, hops, pears, blueberries, spearmint oil, and sweet cherries in the U.S. • Manufacturing industries in Washington include aircraft, missiles, shipbuilding, and other transportation equipment, food processing, metals and metal products, chemicals, and machinery. • The state consistently ranks among the best for life expectancy and low unemployment.
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 83 years and has a current net worth of over $54.4 billion.