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Highlights
- Brand new 15-year NNN corporately guaranteed lease from Dollar General Corporation(S&P Rated: BB+) - (zero landlord responsibility)
- Rare Colorado location with Structured Rental Increases
- New 2011 construction, Dollar General opened for business in October, 2011
- Dollar General is the #1 Small-Box Discount Retailer in the US; $4.37 Billion Net Worth - Fortune 500 NYSE Company - (NYSE: DG)
- Sales for 2010 of $13.05 Billion (up 10.5%); Net Income of $628 Million (up 85%)
- Strategically located in the only City directly south on Hwy 65 to the Grand Mesa National Forest and Historic Byway (a huge tourist destination)
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Description
This is a rare opportunity to purchase a brand new Dollar General in Colorado under a 15 year NNN lease, which commenced October, 2011. There is a 3% rental increase in lease year 11 of the primary lease term and additional 10% rental increases in each of the (4) five year option periods. Under the lease, the tenant is responsible for payment of all taxes, insurance and common area maintenance charges for the property, including roof and structure. Because of the higher rental rate at this location, Dollar General expects to do approximately $1.5M in sales at this store.
Cedaredge, CO is located in west Colorado about an hour outside of Grand Junction. This site is located on S. Grand Mesa Avenue (State Hwy 65), which is the main thoroughfare of the area. This Dollar General is located within the only city (Cedaredge) that sits just south of Grand Mesa National Forest and Historic Byway (huge tourist destinations), and strategically positioned right across the street from the only grocery store in the County. This site is arguably the best and only remaining location in town for a dollar store or discount retailer. There is a Family Dollar and a Wal-Mart located approximately 12 miles south in Delta, Colorado. There are zero dollar stores located within 12 miles from the subject property.
PLEASE CALL LISTING AGENT WITH ANY QUESTIONS.
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