DOLLAR GENERAL | RENO, NEVADA

Purchase Price
$2,694,881
Location
10695 Stead Blvd
Cap Rate
5.40%
Annual Rent
$145,526.04
Building Size
9,184 SF
Land Area
0.836 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
5 Years
LEASE EXPIRATION
12/31/2027
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
33 Spaces
Year Built
2012
APN
554-020-02
Traffic Counts
23,700 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 5 Years of Guaranteed Lease Term
  • 2012 Build to Suit Construction
  • 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 Stucco & Brick Building
 

PROXIMITY FROM RENO, NEVADA:

  • Truckee, CA | 32 Miles
  • Carson City, NV | 32 Miles
  • Incline Village, NV | 36 Miles
  • South Lake Tahoe, CA | 62 Miles
  • Sacramento, CA | 132 Miles
  • San Francisco, CA | 218 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 13,537 Residents | $83,366 Average Household Income
  • 3-Mile: 32,628 Residents | $76,838 Average Household Income
  • 5-Mile: 45,535 Residents | $85,711 Average Household Income
  • 7-Mile: 127,923 Residents | $89,715 Average Household Income
 

TESLA GIGAFACTORY (SPARKS/RENO):

  • 5.4 Million Square Feet
  • Since 2014, Tesla Has Invested $6.2 Billion in Nevada
  • The Buildout of the Gigafactory Provided 17,000+ Local Construction Jobs
  • Over the Last 9 Years it Has Hired 11,000 Employees to Produce About 7.3 Billion Battery Cells
  • In January 2023, Tesla Announced It Will Be Investing Over $3.6 Billion More to Continue Growing Gigafactory Nevada
  • The New Investment Will Add 3,000 New Team Members and Two New Factories
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 19,000 Stores in 47 States as of January 28, 2023
  • Ranked #106 on the Fortune 500 List

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