DEAL OF THE WEEK: NNN Dollar General Stores For Sale
Every week we review 100’s of NNN properties for sale for clients. Here is a rundown of the best NNN Dollar General stores for sale this week across the US.
Dollar General is the nation’s largest ‘smallbox’ discount retailer, operating over 14,761 stores in 44 states. They opened a company record of 1,315 new stores, executed 2,079 total real estate projects in 2017. They plan to open approximately 900 new stores, remodel 1,000 stores and relocate 100 stores in 2018. They have weathered 12 technical recessions. They have a solid future; with a focus on fresh produce, better shipping efficiencies and plans for private-labeled goods. This makes NNN Dollar General stores for sale a great 1031 exchange and low risk passive investment opportunity.
Dollar General released their 2018 second-quarter earnings.
· 28th consecutive year of positive same-store sales growth
· 3.7% increase in same store sales
· $23.5 billion in sales, $6.44 billion in revenue
· DG shares have added about 14.7% since the beginning of the year versus the S&P 500's gain of 9%
Top 3 NNN Dollar General stores for sale this week:
NNN Dollar General Store For Sale CA
California
$2,310,000
5.85% cap
Absolute NNN
New 2018 construction
14.9 years remaining
7,489 sq ft
1.05 acres
Single Tenant
Corporate Guaranty
Desirable California Geography – South of Fresno
32.000+ population within 5 miles
$67,000 household income within 5 miles
8000+ combines traffic counts
I like this new construction with long term lease, and zero landlord responsibilities in a larger market area for DG. Population and traffic counts are strong, and located near Naval Air Station.
NNN Dollar General Store For Sale FL
Florida
$1,854,556
6.10% cap
Absolute NNN
New 2018 construction
15 years remaining
9,100 sq ft
1.40 acres
Single Tenant
Corporate Guaranty
Tax free state
Avg income exceeds $50,000
Avg Daily Traffic is over 12,000
This location is in a great traffic area, good cap rate in a no-tax state.
NNN Dollar General Store For Sale GA
Georgia
$1,739,905
6.35% cap
Absolute NNN
New upgraded brick construction (on 3 sides)
15 years remaining
9,100 sq ft
2.5 acres
Single Tenant
Corporate Guaranty
Avg income within 1 mile $64,000
17,000+ residents within 3 miles
Universally applicable building
I really like the upgraded brick construction, lot size and location of this DG. Good cap rate and strong population as well.
This post was written by a Broker Associate.