DOLLAR GENERAL | KERSEY, COLORADO

Purchase Price
$2,403,087
Location
209 Hill St
Cap Rate
4.85%
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
Three (3) - Five (5) Year
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: 1,658 Residents
  • 1-Mile Average Household Income: $105,854
  • 3-Mile Population: 2,551 Residents
  • 3-Mile Average Household Income: $106,966
  • 5-Mile Population: 4,466 Residents
  • 5-Mile Average Household Income: $101,065
  • 7-Mile Population: 26,158 Residents
  • 7-Mile Average Household Income: $66,440
 

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:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,566 Stores in 47 States as of July 29, 2022

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