Dollar General

Dollar General

1430 East 6th Street
Weiser, ID

Price: $2,492,000
Cap: 4.90%
NOI: $122,064
Building Size: 10,640 SF
Lot Size: 1.34 AC

Investment Highlights

• Brand new 10,640 SF Dollar General located in Weiser, ID.
• This store is scheduled to deliver in July 2022 and sits on 1.34 AC of land.

• The subject property is located about an hour northeast of Boise off I-84 (21,500 VPD) on Hwy 95 (6,100 VPD).
• Boise is the capital and most populous city of the state of Idaho and is the county seat of Ada County.
• The Boise MSA, also known as the Treasure Valley, includes five counties with a combined population of 749,202, the most populous MSA in Idaho. It contains the state’s three largest cities: Boise, Nampa, and Meridian.
• Boise is the headquarters for several major companies, such as Boise Cascade LLC, Albertsons, J.R. Simplot Company, Lamb Weston, Idaho Pacific Lumber Company, Idaho Timber and more.
• Home to multiple colleges and universities including Boise State University (24,103 Students), Idaho State University (12,425 Students), University of Idaho (10,791 Students) and more.
• Boise Airport supports over 3.6 million passengers per year.

• Idaho is the ninth fastest growing state in the country. The U.S. Census determined Idaho’s population increased 21% from 2010 to 2021.
• Home to Sun Valley which is known for its world famous ski resort which has become the ultimate coldweather destination for the rich and famous.
• Industries significant for the state economy include manufacturing, agriculture, mining, forestry, and tourism.
• A number of science and technology firms are either headquartered in Idaho or have factories there, and the state also contains the Idaho National Laboratory, which is the country’s largest Department of Energy facility.
• Idaho’s agricultural sector supplies many products, but the state is best known for its potato crop, which comprises around one-third of the nationwide yield.

• 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.

• 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.

Don McMinn

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