Brand New, Long-Term, Corporate Lease

Dollar General signed a long-term 15-year lease with attractive 10% rent increases in each option period. The lease features four (4), 5-year option periods with 10% escalations for each option. Corporately guaranteed by Dollar General Corporation, an investment grade tenant holding a credit rating of “BBB”.

 

Dollar General, a Top US Retailer

Dollar General Corporation is a US leader in retail with over 19,000 stores. DG is the country’s largest small-box retailer. “DG” plans to add another 1,053 stores in 2023. Publicly traded under the S&P 500 – DG has a $46 B market cap, with 170,000 employees. DG net sales increased 10.6% YOY to $37.8 in FY 2022. The recession-proof retailer opened 1,039 new stores in FY The Property is 2022.

 

Dollar General’s 19,000th Store

This location features a major milestone within the DG brand, as the subject property is “DG’s” 19,000th store. DG has the largest store count of any retailer in the nation.

 

Strong demographic profile

This location benefits from a robust demographic makeup. Within a five-mile radius, this store serves a population of close to 80,000 people. Furthermore, the average household income within a five-mile radius is $68,496 +/-

 

Unparalleled Access And Visibility

The Property has excellent visibility and benefits from over 280 feet of road frontage. Furthermore, Dollar General features easy ingress/egress.

 

Market Success – Joplin, MO

Ranked in the top ten of the fastest-growing cities in Missouri, Joplin is a thriving market. Given its strong infrastructure and location tucked in the southwest corner of the state, you can reach most US consumers in under 12 hours. Industry strengths in the region include logistics and distribution, advanced manufacturing, food solutions, alternative energy, and information technology. Joplin features a skilled workforce and a growing population.