DOLLAR GENERAL | KERSEY, COLORADO



INVESTMENT SUMMARY

Purchase Price
$2,178,500

Location
209 Hill St

Cap Rate
5.35%

Annual Rent
$116,549.76

Building Size
10,640 SF

Land Area
1.17 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
15 Years

LEASE EXPIRATION
9/30/2037

Renewal Options

RENT INCREASES
10% at Options

Parking
36 Spaces

Year Built
2022

APN
096316302001

Traffic Counts
8,103 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:
- 4-Sided CMU & Stucco Building
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 1,750 Residents
- 1-Mile Average Household Income: $100,665
- 3-Mile Population: 2,572 Residents
- 3-Mile Average Household Income: $107,162
- 5-Mile Population: 4,467 Residents
- 5-Mile Average Household Income: $105,596
- 7-Mile Population: 26,438 Residents
- 7-Mile Average Household Income: $75,018
PROXIMITY FROM KERSEY:
- Greeley, CO | 11 Miles
- Loveland, CO | 28 Miles
- Fort Collins, CO | 39 Miles
- Denver, CO | 57 Miles
- Cheyenne, WY | 61 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