Investment grade national tenant: Dollar General Corporation (NYSE: DG) has over 11,000 locations and a market cap over $19 billion. DG has an investment grade credit rating of BBB-.
New Long-Term Lease: Approximately 15 years of primary lease term remaining and four (4), five (5) year renewal options with a 10% rent increase at each option.
Absolute NNN lease: Tenant is repsonsible for taxes, insurance, roof, structure, and common area maintenance.
Central City Location: Kansas City, a city of 482,000± peopel, is the largest municipality in Missouri and is the central city of the Kansas City MSA.
Major MSA Location: With a population of 2.1 million, Kansas City is the 29th largest MSA in the US. Four of the area's largest cities are Kansas City, MO (482,000); Overland Park, KS (174,907); Olathe, KS (121,962); Kansas City, KS (143,209); and, Independence, MO (121,180).
Heavily Populated, High Growth Area: The 5-mile population is over 249,000. There are over 128,000 total housing units within a 5-mile radius of the property.
