Dollar General NNN For Sale

Triple Net Dollar Stores

Highly visible with plenty of customer traffic, the Dollar General Corporation opportunity is appealing in terms of cheaply acquired goods, but also from a net leasing perspective. They can often be found nestled amongst retail shopping centers and strip malls, with low pricing and strong sales revenues.

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Considering the expanding market sector with its high capitalization rates, all newer DG locations will offer NNN standard fifteen year initial leasing terms. Additionally, investors will find ten percent price escalations offered every five years, allowing anyone in the United States to invest passively. With respect to older NN leases, landlords will usually find themselves responsible for property liability costs alongside higher capitalization.

Dollar General Corp.’s latest retail building design standard is roughly 9100 sq. ft., sitting on approximately one acre, with an average of thirty separate spots for vehicle parking per location.

Pros

  • Highly visible, easy accessibility
  • Low pricing
  • NNN leasing is absolute
  • Credit is investor-grade, unique amongst dollar stores

Cons

  • NN leasing often creates landlord accountability for structure
  • Found in smaller local markets

Tenant Description

Founded in 1939 by J.L. Turner, Dollar General Corporation started in Kentucky. The company can be found under the stock symbol DG on the New York Stock Exchange.

With nearly 12,500 locations operating in forty three states, Dollar General continues to expand, with reports detailing 900 new retail stores as of 2016. Each building tends towards a standard retail size of 9100 sq. ft., with construction plans appropriated as build-to-suit. In many cases, standard fifteen year NNN leasing terms are offered with repeat options to renew. This also holds true for some NN leased properties, although they are typically less in term length but retain similar options to renew.

Featuring a wide selection of retail items, whether seasonal, holiday, perishable, or basic home accessories, Dollar General tends to operate with minimal expenses. Around seventy percent of their stores can be found in smaller towns and rural areas with populations less than twenty thousand.

Storefront Example

NNN Dollar Tree

Pensacola, FL

$2,751,495

Brand New Outlot Build | All Brick Upgraded […]

5.15%

10.2

N/a

Storefront Example

NNN Dollar General

Oblong, IL

$1,200,000

Build-to-Suite for Dollar General in 2010. ​Minimal Landlord […]

6.50%

3.3

N/a

Storefront Example

NNN Dollar General

Elnora, IN

$1,640,950

2022 Build Dollar General with Rent Projected to […]

5.25%

15.1

N/a

Storefront Example

NNN Dollar General

Dresden, OH

$2,009,828

2018 Build-to-Suit Dollar General. Four (4) – Five […]

5.25%

11

N/a

Storefront Example

NNN Dollar General

Juneau, WI

$675,000

Dollar General has been operating at this location […]

7.00%

4.5

N/a

Storefront Example

NNN Dollar General

Martins Ferry, OH

$1,992,160

Relocation Store – Strong Customer Base Already Present. […]

5.00%

13.4

N/a

Storefront Example

NNN Dollar General

Blythe, CA

$3,675,240

2013 Construction – 12,380 SF. Two (2) – […]

5.00%

5.1

N/a

Storefront Example

NNN Dollar General

Huntsville, AR

$2,060,968

As of February 2021, Dollar General Corporation (NYSE: […]

4.75%

15

N/a

Storefront Example

NNN Dollar General

Belmont, NH

$2,195,365

The average household income within a 5-mile radius […]

5.35%

10.4

N/a

Storefront Example

NNN Dollar General

Fernandina Beach, FL

$2,215,311

2019 Build to Suit Construction – 9,100 SF […]

4.65%

11.9

N/a

Storefront Example

NNN Dollar General

La Porte, IN

$1,823,533

Built in 2020, Dollar General has 13.5 Years […]

5.15%

13.4

N/a

Storefront Example

NNN Dollar General

Cookeville, TN

$2,271,000

Brand New Upgraded Construction with Brick and Architectural […]

4.75%

15

N/a

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