DOLLAR GENERAL | BENNINGTON, NEW HAMPSHIRE

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
Four (4) - Five (5) Year
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

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