Dollar General | 10-Year Lease Extension | 1093 E 4th St
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Dollar General | 10-Year Lease Extension 1093 E 4th St
15,000 SF Retail Building Ainsworth, NE 69210 $1,202,824 CAD ($80 CAD/SF) 7% Cap Rate
Investment Highlights
- New 10-Year Lease Extension Proves their Success and Shows Dollar General’s Long-Term Commitment to the Location
- 10% Rent Increases Every 5-Yrs Throughout Initial Term & Options
- New 10-Year Transferable Roof Warranty in Place Until 2033
- Dollar General Has Occupied This Location Since 2000
- Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
- Great Visibility & Access right off E 4th St (The Major East/West Thoroughfare Connecting Ainsworth with Omaha)
Executive Summary
The subject property is a freestanding Dollar General located in Ainsworth, NE. Dollar General has operated at this location since 2000 and they just signed a new 10-year lease with 10% increases every 5-years in the primary term and in the (3) five-year option periods, demonstrating their success and long-term commitment to the location. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on E 4th Street, a major thoroughfare through Ainsworth which boasts over 6,000 vehicles per day. E 4th Street is the area’s main traffic artery connecting Ainsworth with Omaha. Additionally, this Dollar General has zero competition as the closest Family Dollar is over 45 miles away (Valentine, NE) and the closest Dollar General is over 16 miles away in (Bassett, NE). This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment opportunity.
This location benefits from its excellent visibility and frontage on E 4th Street, a major thoroughfare through Ainsworth which boasts over 6,000 vehicles per day. E 4th Street is the area’s main traffic artery connecting Ainsworth with Omaha. Additionally, this Dollar General has zero competition as the closest Family Dollar is over 45 miles away (Valentine, NE) and the closest Dollar General is over 16 miles away in (Bassett, NE). This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1970/2023
Price
$1,202,824 CAD
Price Per SF
$80 CAD
Cap Rate
7%
NOI
$84,198 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.84 AC
PROPERTY TAXES
| Parcel Number | 090010981 | Improvements Assessment | $303,123 CAD |
| Land Assessment | $79,226 CAD | Total Assessment | $382,350 CAD |
PROPERTY TAXES
Parcel Number
090010981
Land Assessment
$79,226 CAD
Improvements Assessment
$303,123 CAD
Total Assessment
$382,350 CAD
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Dollar General | 10-Year Lease Extension | 1093 E 4th St
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