Dollar General - Oakes, ND 541 N 7th St

Investment Highlights

Built in 2017 & Renovated in 2021 Rare Rental Increase in Year-11 (February 2027) Average Household Income Exceeds $92,000 in 3-Mile Radius Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB) Excellent Visibility & Frontage on North Dakota Hwy 1 (7th Ave) Only Dollar General in 30-Mile Radius & 1/2 Mile From the Only Hospital in a 60-Mile Radius

Executive Summary

The subject property is a freestanding Dollar General located in Oakes, North Dakota. The 15-year absolute NNN lease commenced February 26th, 2017 and includes a rare 3% rental increase in year 11 (February 2027) along with 10% rental increases in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant rated BBB by Standard & Poor?s.The location benefits from its excellent visibility on North Dakota Highway 1 which is the main thoroughfare through Oakes. This is the only Dollar General within a 30-mile radius and the average household income exceeds $92,000. It is also located only a half mile from Oakes Community Hospital, the only hospital within a 60-mile radius. This is an excellent opportunity for an investor to purchase a stable, long-term corporately guaranteed investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Storefront General Retail TruckStop Freestanding
• Building Size    9,100
• Building Class    C
• Year Built    2017
• Price    1,187,351
• Price Per SF    130
• Cap Rate    7.40
• NOI    87,864
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.16
• Land Acres    1.33 AC