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Dollar General | Central Falls, RI | NN+ 400 Broad St 12,615 SF Flex Building Central Falls, RI 02863 $2,098,593 ($166.36/SF) 7.75% Cap Rate
Investment Highlights
- Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site.
- Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insu
- Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five year
- Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
- Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
- Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.
Executive Summary
Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site.
Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insurance.
No Near-Term CapEx — New roof and resurfaced parking lot delivered in 2015, materially limiting near-term ownership capital exposure.
Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.
Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five years, a clear signal of commitment to the site.
Investment-Grade Tenant — S&P-rated BBB investment grade with ~$24B market cap and $42.7B FY2025 revenue; 20,000+ stores, in business since 1939.
Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insurance.
No Near-Term CapEx — New roof and resurfaced parking lot delivered in 2015, materially limiting near-term ownership capital exposure.
Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.
Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five years, a clear signal of commitment to the site.
Investment-Grade Tenant — S&P-rated BBB investment grade with ~$24B market cap and $42.7B FY2025 revenue; 20,000+ stores, in business since 1939.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Bus Line
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | CENT-000005-000000-000059 | Improvements Assessment | $910,300 |
| Land Assessment | $413,000 | Total Assessment | $1,323,300 |
Property Taxes
Parcel Number
CENT-000005-000000-000059
Land Assessment
$413,000
Improvements Assessment
$910,300
Total Assessment
$1,323,300
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