Dollar General - Milford

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30728318
Property Subtypes: Convenience Store
Status: Pending/Contingent
Building Size (RSF): 9,024 SF
Gross Building Area: See Agent
Sale Price: $1,427,500
Unit Price: $158.19 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Dollar General
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2021

Overview / Comments

Wonderful opportunity to invest in a great community! This DG provides convenience and necessity to the surrounding community. This is leased through 2030, with escalation and options following. NN Lease - Tenant pays all interior and mechanical maintenance, plus real estate taxes. Owner pays for exterior building maintenance and property insurance.

This lease is backed by the corporate offices of Dollar General and not simply backed by a franchisee, providing extra security and peace of mind.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $4,139 (Annual)

Current Tenants

Tenant Business Name Dollar General
Is Renting? Yes
Annual Revenue $85,647 (Annual)
Lease Expiration 6/2030
Options 5 year option beginning 6/1/30 - rent increases to $7850.80/month or $94,209.60 annually Second option increases to $103,630.44 annually Third option increases to $113,993.52 annually all options are 5 year periods.

Additional Details

Nearest MSA: Lincoln
County: Seward
Tax ID/APN: 800067622
Retail Clientele: General, Family
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1974
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: All metal exterior
Total Parking Spaces: 35
Parking Type: Surface
Parking Description: Parking lot is well maintained and has been updated.
Zoning Description: 03 - Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,380 3,630
Median Age: 32.27 35.92
Households: 872 1,322

Contact

Photograph of Listing Agent

Marcus Schmidt

Arrow Brokerage MRCIE Member
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