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

x

Dollar General, Newcastle, WY

Dollar General

Newcastle, Wyoming

Price $2,012,000
Cap Rate 5.25%
NOI $105,603
Lease Term 15 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases In Option Periods
Year Built 2021
Building Size 9,002 SF
Lot Size 0.84 Acres (36,590 SF)
Status Available
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

LONG TERM 15-YEAR ABSOLUTE NNN LEASE
» Absolute NNN Lease to Dollar General Corporation (NYSE: “DG”)
» No landlord management, with tenant responsible for taxes, insurance, and all maintenance, including roof and structure
» Ideal investment opportunity for an out-of-area investor
» New 2021 corner-entry construction prototype highly visible pylon sign

MAJOR NATIONAL 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 $31.9 billion
» Dollar General operates more than 17,000 locations in 46 states and has plans for significant future growth

STRATEGIC LOCATION WITH MINIMAL COMPETITION
» Prominent location on the southeast corner of South Summit Avenue and Washington Boulevard
» Average annual household income of $74,378 within a 15-mile radius and projected to increase nine percent by 2026
» 10 miles from Wyoming and South Dakota border along U.S. Route 16 (3,950 AADT)
» Only Dollar General within 35 miles, providing limited competition
» Wyoming is ranked #1 most tax-friendly state in United States

BENEFICIAL PROXIMITY TO SCHOOLS AND COMMUNITY HUBS
» One mile from Newcastle High School (242 students) and Newcastle Elementary (191 students)
» Less than two miles from Weston County Fairgrounds, a popular community hub
» Situated near four hotels with 152 guestrooms, increasing traffic in the area
» Centrally located between two recreation destinations: Black Hills National Forest (690,000 visitors, $57.7 million annual visitor spending) and Thunder Basin National Grassland (572,000 acres)



Property Description

This Dollar General is located on the southeastern corner of South Summit Avenue and Washington Boulevard. The site is 10 miles from the Wyoming and South Dakota border along U.S. Route 16 (3,950 AADT). The average annual household income is $74,378, and is projected to increase nine percent by 2026, poising Dollar General and Newcastle for concurrent growth.

The site maintains beneficial proximity to schools and community hubs. Newcastle High School (242 students) and Newcastle Elementary (191 students) are located just one mile from the property. The site is situated near four hotels with 152 guestrooms, increasing traffic in the area. Weston County Fairgrounds is located less than two miles from the property, a popular hub for the community. The site is centrally located between two recreation destinations, Black Hills National Forest (690,000 visitors, $57.7 million annual visitor spending) and Thunder Basin National Grassland (572,000 acres). This is the only Dollar General within a 35-mile radius, offering limited competition.

Contact Us About This Property

Scott & Mike & Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link