DOLLAR GENERAL | BENNINGTON, NEW HAMPSHIRE
INVESTMENT SUMMARY
Purchase Price
$1,594,472
Location
510 State Route 202
Cap Rate
7.00%
Annual Rent
$111,613.44
Building Size
9,318 SF
Land Area
2.58 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9.50 Years
LEASE EXPIRATION
1/31/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2018
APN
000016 000002 00000A
Traffic Counts
7,320 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 9 Years of Guaranteed Lease Term
- 2018 Build-to-Suit Dollar General
- Four (4) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
UPGRADED CONSTRUCTION:
- Nichiha Canyon Brick
- Hardie-Plank Lap Siding
CROTCHED MOUNTAIN SKI & RIDE AREA:
- Located 4.2 Miles from the Subject Property
- Owned & Operated by Vail Resorts
- 25 Trails (28% Beginner/40% Intermediate/32% Expert)
- 100+ Skiable Acreage
- 2 Terrain Parks
PROXIMITY FROM BENNINGTON, NEW HAMPSHIRE:
- Concord, NH | 32 Miles
- Nashua, NH | 34 Miles
- Manchester, NH | 45 Miles
- Worcester, MA | 65 Miles
- Boston, MA | 82 Miles
- Springfield, MA | 105 Miles
- Albany, NY | 125 Miles
- Portland, ME | 137 Miles
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population = 3,568 Residents
- 3-Mile Average Household Income = $101,691
- 5-Mile Population = 6,566 Residents
- 5-Mile Average Household Income = $113,857
- 7-Mile Population = 11,467 Residents
- 7-Mile Average Household Income = $116,037
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #108 on the Fortune 500 List