INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION / LONG TERM 15-YEAR LEASE
Brand new 2022 construction with a 15-year Absolute NNN lease providing an investor with long term passive cash flow.
ABSOLUTE NNN LEASE
The Property features an Absolute NNN lease with ZERO Landlord management or repair responsibilities.
DOLLAR GENERAL CONTINUOUS GROWTH
Dollar General has reported 31 consecutive years of same-store sales growth.
RECESSION PROOF / ESSENTIAL TENANT
Discount Stores thrive in tougher economic times and Dollar General was deemed an “Essential Tenant” through Covid-19 related shelter-in-place orders.
CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
The Lease is guaranteed by Dollar General Corporation (NYSE: DG). Dollar General has a S&P investment grade credit rating of “BBB”.
LIMITED DOLLAR STORE COMPETITION
The Property benefits form an untapped market as the only nationally branded dollar store in the surrounding communities, providing a unique opportunity to serve a community looking for convenience and savings.
STRATEGICALLY LOCATED / PRIME FRONTAGE
The Property is strategically located along Hwy 2 and Hwy 95 (8,800+ VPD), the main highways through Coeur d’Alene and Sandpoint. The Property also benefits from prime frontage and ingress/egress into the lot.
RAPIDLY GROWING SUBMARKET
Within a 10-mile radius of the Property, the population has grown by nearly 18% in the last decade.
Listing Agents:
CLAYTON J. BROWN
RUTHANNE LOAR
206.493.2622
ruthanne.loar@marcusmillichap.com
