This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
6499 N Riverside Dr
Janesville, WI 53546
Dollar General · Retail Property For Sale
Property Facts
About 6499 N RIVERSIDE DR , JANESVILLE, WI 53546
The Property is operated by and leased to Dolgencorp, LLC (“Tenant”), a wholly-owned subsidiary of Dollar General Corporation (NYSE:DG; S&P: BBB/Stable), itself a $6+ billion retail giant and the nation’s largest small-box retailer who fully guarantees all lease obligations. As such, investors have the opportunity to acquire a brand new 15-year absolute NNN Property that features no management responsibilities and includes five, five-year renewal options with 10% rental increases at the start of each option. The Property is a part of Dollar General’s $22 billion continued aggressive expansion across the country as it seeks to position 75% of the U.S. population within five miles of a DG location. Since 2015, the chain has opened more than 3,800 locations while renovating or relocating another nearly 3,700 stores. Despite this push, the company continues to report same-store sales increases. In 2017, DG completed its 28th straight year of samestore sales growth, a metric that strips out the effect of newly opened stores, which in other words, shows that new stores are not cannibalizing more established locations. As a result, Dollar General shares (NYSE: DG) have risen to all-time highs in today’s ultracompetitive retail environment.
