DOLLAR GENERAL | PUEBLO, COLORADO

Purchase Price
$1,503,685
Location
818 E 4th St
Cap Rate
7.00%
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
Four (4) - Five (5) Year
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
  • 19,294 Stores in 47 States as of May 5, 2023
  • Ranked #106 on the Fortune 500 List

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