Dollar General

Corporate Guarantee from Investment-Grade Tenant – Dollar General Corporation (NYSE: DG) backs the lease with a corporate guarantee and holds an investment-grade credit rating of BBB from Standard & Poor’s. With a market capitalization of approximately $25 billion and a national footprint of over 21,000 stores, Dollar General is a financially robust tenant with ongoing expansion plans across the United States.
Passive Management Structure – The property is subject to a Double Net (NN) lease, under which the tenant is responsible for property taxes and insurance. Constructed as a build-to-suit for Dollar General in 2007, this structure significantly reduces landlord responsibilities, making it an attractive option for investors seeking stable, passive income.
Demonstrated Long-Term Commitment – Dollar General has operated continuously at this location since 2007, having exercised multiple lease renewal options—a strong indication of the site’s performance and the tenant’s long-term commitment to this market.
Lack of Direct Competition – The subject property is the only dollar store in Dolgeville, with no competing national retailers in the immediate trade area. This limited competition enhances the property’s draw and supports consistent customer traffic to the location.
Below-Market Rent – The tenant is currently paying $7.78 per square foot, which is considered low for the retail sector, offering potential upside in future lease negotiations or repositioning scenarios.

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Cory Rosenthal