DOLLAR GENERAL | LOVELAND, COLORADO



INVESTMENT SUMMARY

Purchase Price
$2,700,000

Location
1398 S Wilson Ave

Cap Rate
5.09%

Annual Rent
$137,532.24

Building Size
9,660 SF

Land Area
1.37 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
15 Years

LEASE EXPIRATION
4/30/2037

Renewal Options

RENT INCREASES
10% at Options

Parking
31 Spaces

Year Built
2022

APN
9522308001

Traffic Counts
13,073 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 15 Year Initial Lease Term
- 2022 Brand New Build-to-Suit Dollar General
- Store Opened in April 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
UPGRADED CONSTRUCTION:
- 4-Sided CMU & Stucco Building
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 8,090 Residents; $110,491 Average Household Income
- 1-Mile Annual Population Growth: 1.19%
- 3-Mile: 39,412 Residents; $103,816 Average Household Income
- 3-Mile Annual Population Growth: 1.50%
- 5-Mile: 86,769 Residents; $102,506 Average Household Income
- 5-Mile Annual Population Growth: 1.68%
- 7-Mile: 109,578 Residents; $102,896 Average Household Income
- 7-Mile Annual Population Growth: 1.91%
PROXIMITY FROM LOVELAND:
- Fort Collins, CO | 14 Miles
- Greeley, CO | 20 Miles
- Boulder, CO | 33 Miles
- Denver, CO | 51 Miles
- Cheyenne, WY | 59 Miles
- Colorado Springs, CO | 120 Miles
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,818 Stores in 47 States as of October 28, 2022