Dollar General 40541 US Highway 287 10,640 SF Retail Building Eads, CO 81036 $2,247,000 ($211.18/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 1 5-year lease with five, 5-year options t o extend. 5% rental increases every 5-years during the primary term and option periods
- Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a “hands-off” investment
- Dollar General currently operates over 20,500 stores nationwide, making it the country’s largest small-box discount retailer
- The lease is backed by a corporate guaranty from Dollar General, #111 on the Fortune 500 list of companies
- Dollar General generated $40.6 billion in 2024 fiscal year sales, a 4.9% increase from the previous year
EXECUTIVE SUMMARY
2024 construction Dollar General on a 15-year absolute NNN lease backed by a corporate guaranty (NYSE: DG) with four, 5-year options to extend. The subject property is strategically located on US 287.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$2,247,000
Price Per SF
$211.18
Cap Rate
6.85%
NOI
$153,941
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.17 AC
Parking
36 Spaces (3.38 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 11-111-3787 | Improvements Assessment | $0 |
| Land Assessment | $4,260 | Total Assessment | $4,260 |
