112 Garfield Ave

We are pleased to present Dollar General in Moffat, Colorado. The building was constructed in 2019 and is leased by Dollar General under a 15 year initial lease term. The lease contains three - 5 year options to renew, each with a 10% rental rate increase. Dollar General executed an absolute NNN lease with zero management responsibilities. The lease is corporately guaranteed by Dollar General Corporation with a credit rating from S&P of "BBB" which is classified as investment grade. Strategically positioned at the junction of Colorado Highway 17 and Garfield Ave, the store enjoys prominent visibility and is pivotal in serving the local community—it's the sole retail outlet for residents, with the nearest alternative retail store located 37 miles South in Alamosa, Colorado. Dollar General is a Fortune 500 company, currently ranked 108th, and has seen its store count surge in the last twenty years. The company has identified small towns and rural areas as key for growth, making the Moffat store perfectly aligned with their strategic expansion plans, given its unique position as the only retail provider in this captive trade area.