Dollar General 705 Park Ave 10,640 SF Retail Building Plainview, NE 68769 $1,751,847 ($164.65/SF) 7.20% Cap Rate

We are pleased to present this 10,640 SF. Dollar General Plus store located in Plainview, Nebraska. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in December 2023.
This Dollar General is highly visible as it is strategically positioned on the corner of N Plum Street & W Park Avenue which sees 3,945 cars per day. The 10 mile population from the site is 3,648 and the 3 mile average household income is $54,830 per year, making this location ideal for a Dollar General. This area is seeing steady growth with the 3 mile population growth rate at 4.77%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.20% cap rate based on NOI of$126,132.96