Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,400,000 - $2,250,000|
|Average NOI||$90,000 - $140,000|
|Building SF||7,000 - 10,000|
|Lease Term||15 Years|
|Escalations||Flat Initial Term|
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.
|Number of Locations||18,216|
|Key Principal||Todd Vasos|