x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Dollar General, Wright, WY

Dollar General

WY, USA

Price $1,737,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot Replacement
Rental Increases 10% Rental Increases in Option Periods
Year Built 2020
Building Size 9,100 SF
Lot Size 1.25 Acres (54,450 SF)
Status Sold
Lead Broker Information Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» No landlord management, with tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor
» New 2020 construction built to Dollar General’s latest prototype

INVESTMENT-GRADE CREDIT TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $27.8 billion
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

NEAR SCHOOLS, EMPLOYERS, AND NEW DEVELOPMENTS
» Excellent visibility and access to 2,779 vehicles per day directly in front of the location at the hard corner of Reno Drive and State Route 387 (2,779 AADT)
» Convenient access to highly trafficked Cheyenne thoroughfares including State Route 59 (4,324 AADT)
» Average annual household income of $88,489 within a five-mile radius of the property, providing an affluent customer base for the site
» Surrounded by a strong mix of local and national retailers, including Subway, Exxon, Napa Auto Parts, TruTech Products, and more
» Convenient access to Wright Junior Senior High School and Cottonwood Elementary School (combined 440 students)
» Excellent location in a major Wyoming commuter corridor, with close proximity to several high-density, single-family developments
» Only Dollar General location within a one-hour drive of the property

WYOMING RANKED #1 MOST TAX-FRIENDLY STATE IN U.S.
» Combined state and local sales tax is the third lowest in the U.S.
» No state income tax, and gas tax is well below national average


Property Description

SOLD

The property is conveniently located on Reno Drive, with excellent visibility and access to 2,779 vehicles per day directly in front of the location. Visibility is increased by the site’s location near major Wyoming thoroughfares, including State Route 59, which connects Douglas to Gillette (4,324 AADT). The location serves an affluent customer base, with an average annual household income of $88,489 within a five-mile radius of the property.

The property also benefits from its location near major community hubs and employers. The site is surrounded by a strong mix of local and national retailers, including Subway, Exxon, Napa Auto Parts, TruTech Products, and more. It is also minutes from Wright Junior Senior High School and Cottonwood Elementary School, which has a combined 440 students. The property provides an excellent location in a major Wyoming commuter corridor, with close proximity to several high-density, single-family developments. The site also benefits from being the only Dollar General location within a one hour drive of the property.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link