NNN Lease Market News
Dollar general for sale!
Triple Net Lease Information on Dollar General
Ferrum, VA Madison, VA Richmond, VA
$1,319,225 $1,294,975 $1,361,239
HIGHLIGHTS
•Brand new, 15-year NNN lease
•3% rent increase in lease-year 11 & 10% increases every 5 years during the option periods
•Guaranty from Dollar General Corp., the largest discount retailer in the US
•Strong tenant with stable & positive outlook; improving credit ratings
•Strategic trade area locations with supporting demos & target market characteristics
Dollar General Corporation
Industry Discount, Variety store
Founded 1939
Headquarters Goodlettsville, Tennessee, U.S.
Number of locations 9200+[1]
Products Low cost items
Revenue $11.796 billion (2010)
Operating income $953.258 million (2010)
Net income $339.442 million (2010)
Employees 79,800
References: In June 2007, Dollar General was acquired by a group of private investors.
Dollar General Stores are typically in small shopping plazas or strip malls in local neighborhoods. The company acquired the 280 stores of the P.N. Hirsh Division of Interco, Inc. (now Furniture Brands International, Inc.) in 1983 and in 1985 added 206 stores and a warehouse from Eagle Family Discount Stores, also from Interco, Inc. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer. In some cases, stores are within a few city blocks of each other.
Since the turn of the century, Dollar General has experimented with stores that carry a greater selection of grocery items. These stores (similar to the Wal-Mart Supercenter, but much smaller) operate under the name "Dollar General Market".
Recently, Dollar General began selling produce, meat, and baked goods in new stores called "Dollar General Market" in former supermarket locations, even though this idea is similar to the Dollar General Market.
VIRGINIA LOCATIONS
For More information Contact:
Associate
(703) 787-4714
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