Dollar General has a brand new 15 year Absolute NNN lease with a rare 3% rental escalation in the 11th year and four 5 year renewal options. The lease guarantor, Dollar General Corporation, is a national discount retailer with over 13,600 stores in 44 states and has stable ratings on both S&P and Moody’s (S&P: BBB | Moody’s: Baa2). This location is currently under construction with an estimated completion in December 2017. This Dollar General is the only dollar store within a 30 mile radius!
Dollar General is located in Cavalier, North Dakota, with great drive-by visibility across the street from Wedgewood Manor, a 50 bed skilled nursing home, and sits less than 1 mile from Pembina County Memorial Hospital, a critical hospital, full-service clinic with 24 beds. The property is nearby Cavalier Air Force Station, a U.S. Air Force installation that monitors & tracks potential missile launches North America with about 130 employees. Nearby retailers include Leevers Foods, True Value, Napa Auto Parts, Cavalier Cinema, etc.
*In Association With: John Candy, LLC