DOLLAR GENERAL | HOLYOKE, COLORADO



INVESTMENT SUMMARY

Purchase Price
$2,192,814

Location
525 E Denver St

Cap Rate
5.35%

Annual Rent
$117,315.60

Building Size
10,640 SF

Land Area
1.10 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
15 Years

LEASE EXPIRATION
9/30/2037

Renewal Options

RENT INCREASES
10% at Options

Parking
32 Spaces

Year Built
2022

APN
0751-083-11-001

Traffic Counts
3,575 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 15 Year Initial Lease Term
- 2022 Brand New Build-to-Suit Dollar General
- Store Opened in September 2022
- Three (3) - 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
DG PLUS STORE:
- 10,640 SF Building
- Larger Prototype with Additional Sales Floor Space
UPGRADED CONSTRUCTION:
- Corner Entry Layout
- CMU Block
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 2,280 Residents
- 1-Mile Average Household Income: $104,143
- 3-Mile Population: 2,446 Residents
- 3-Mile Average Household Income: $104,344
- 5-Mile Population: 2,598 Residents
- 5-Mile Average Household Income: $104,605
- 7-Mile Population: 2,744 Residents
- 7-Mile Average Household Income: $104,535
PROXIMITY FROM HOLYOKE:
- Greeley, CO | 141 Miles
- Fort Collins, CO | 152 Miles
- Cheyenne, WY | 168 Miles
- Denver, CO | 173 Miles
- Colorado Springs, CO | 228 Miles
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- 19,488 Stores in 47 States as of August 4, 2023
- Ranked #108 on the Fortune 500 List