Dollar General

Dollar General

513 S. Park Street
Chewelah, WA

Price: $2,558,000
Cap: 5.75%
NOI: $147,036
Building Size: 10,640 SF
Lot Size: 1.52 AC

Investment Highlights

NEW BUILD TO SUIT DOLLAR GENERAL
• The subject property is a 10,640 SF Dollar General located in Chewelah, WA.
• This store opened in October 2022 and sits on 1.52 AC of land.

SPOKANE MSA
• This Dollar General is 48 miles North of Spokane, WA on Hwy 395 (9,409 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 is the 13th-most populous state, consisting of 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 18,600 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.

Don McMinn
OFFERING MEMORANDUM

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