23 Highway 12 East
Bowman, ND 58623
Dollar General · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Dollar General in Bowman, North Dakota. The subject property is a new construction store featuring a corporate guaranty from Dollar General, which ranked #123 on the 2018 Fortune 500 list of top companies by revenue. The absolute NNN lease provides investors with a truly “hands off” asset, as there are zero Landlord expense or maintenance obligations. The primary lease term is 15 years, with four options to extend the term thereafter at increased rents. Bowman is in Bowman County, situated in the Southwest region of North Dakota. Bowman County’s energy sector is its largest employer with abundant oil and natural gas exploration and production. The County ranks as North Dakota’s fifth largest oil producer and the state ranks as second largest in the nation. This economic driver has resulted in strong trade area demographics, with average household incomes of nearly $80,000 within a 5-mile radius. Dollar General generated $25.6 billion in 2018 fiscal year sales and net income of $1.6 billion. Dollar General currently operates over 16,000 stores in 44 states, making it the country’s largest small-box discount retailer. The company announced plans in September 2019 to expand its presence to 46 states, adding Washington and Wyoming to the list of states with Dollar General stores.