Dollar General has a brand new 15 year Absolute NNN Lease with corporate guarantee! The lease has a rare 3% rental escalation in the 11th year with four 5 year renewal options. Dollar General is currently under construction with expected completion in October 2017 and will be the only dollar store in a 25 mile radius! 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).
The subject property is located in Lakota, North Dakota, on US Hwy 2 with excellent frontage and traffic counts. The U.S. News rated North Dakota #4 as one of the Best States in the U.S. North Dakota is devoted to farming. The state counts nearly 31,000 family farms and ranches averaging 1,260 acres, with 39.2 million acres devoted to farming and ranching. One-fifth of the state’s population is employed in agriculture – with North Dakota ranking as the nation’s No. 1 producer of dry navy and pinto beans. The state provides more than 90 percent of the nation’s canola and flaxseed. Other major industries in North Dakota: petroleum, food processing & technology.
*In Association With: John Candy, LLC