DOLLAR GENERAL | LOVELAND, COLORADO

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
Three (3) - Five (5) Year
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

contact us

  • Hidden