DOLLAR GENERAL | PUEBLO, COLORADO



INVESTMENT SUMMARY

Purchase Price
$1,594,818

Location
818 E 4th St

Cap Rate
6.60%

Annual Rent
$105,258.00

Building Size
8,988 SF

Land Area
0.73 Acres

Ownership
Fee Simple

Lease Type
NN+

Term Remainning
7.25 Years

LEASE EXPIRATION
06/30/2030

Renewal Options

RENT INCREASES
10% at Options

Parking
35 Spaces

Year Built
2010

APN
431120016 & 431120001

Traffic Counts
13,435 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 7.25 Years of Guaranteed Lease Term
- 2010 Build to Suit Construction
- Four (4) - Five (5) Year Option Periods with 10% Rental Increases
NN+ LEASE:
- Landlord Responsibilities Limited to Roof, Structure & Parking Lot
- Tenant is Responsible for All Repairs/Replacement of the HVAC Units
- Tenant Reimburses Common Area Maintenance Expenses in Full - Tenant Pays Landlord 1/12 of the Prior Year Amount & Reconciles in Full with Landlord at the End of the Year
UPGRADED CONSTRUCTION:
- CMU Block Brick
- Corner Entry Layout
PROXIMITY FROM PUEBLO, CO:
- Fountain, CO | 33 Miles
- Colorado Springs, CO | 45 Miles
- Monument, CO | 66 Miles
- Denver, CO | 115 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 8,911 Residents
- 1-Mile Average Household Income = $44,994
- 3-Mile Population = 66,865 Residents
- 3-Mile Average Household Income = $66,789
- 5-Mile Population = 115,033 Residents
- 5-Mile Average Household Income = $75,444
- 7-Mile Population = 127,797 Residents
- 7-Mile Average Household Income = $79,607
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- 19,147 Stores in 47 States as of March 3, 2023
- Ranked #106 on the Fortune 500 List