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Dollar General, Glenrock, WY

Dollar General

Glenrock, WY

Price $1,895,000
Cap Rate 5.25%
NOI $99,445
Lease Term 15 Years
Lease Type Absolute NNN Lease, 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 9,100 SF
Lot Size 2.04 Acres (88,862 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

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Upgraded construction with no landlord management
» Ideal investment opportunity for an out-of-area investor

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 $25.6 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth

STRATEGIC LOCATION
» Five-mile average household income of $78,960
» Two miles from I-25 (9,056 AADT) and 25 minutes from Downtown Casper (58,446 residents)
» Strategically located on East Birch Street, one of the main east/west arterials of Glenrock

BENEFICIAL PROXIMITY TO SCHOOLS AND COMMUNITY HUBS
» Across the street from Glenrock High School (258 students) and Glenrock Elementary School (80+ students)
» 1.2 miles from Glenrock Recreation Center and Downtown Glenrock, providing increased traffic to the site
» Only dollar store within 27 miles, providing limited competition



Property Description

The property is located on East Birch Street, the main east/west arterial for Glenrock, and is two miles from Interstate 25, with a daily traffic count of 9,056 vehicles. The location resides 1.2 miles from downtown Glenrock, with a population of 3,677 residents, and 25 miles from Downtown Casper, with a population of 58,446 residents. The site has a five-mile average household income of $82,702.

The property is surrounded by schools and community hubs, including Glenrock High School and Glenrock Elementary School, with a combined student population of over 300 students. The site is home to the only dollar / discount store within 27 miles, providing very limited competition.

Contact Us About This Property

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