Lease was recently extended with over 5 years now remaining and recently upgraded from a Gross Lease to a NN lease, showing Dollar General’s commitment to this location.
Six 5-year options remaining, each including 10% increases
Located directly off Highway 9, the main thoroughfare of Eufaula
Situated on Lake Eufaula (Oklahoma’s largest lake and Eufaula’s top tourist attraction)
Average household income of $52,714, considered to be the “sweet spot” for Dollar General
Extremely strong corporately guaranteed lease
Tenant
Dollar General holds an investment-grade credit rating of BBB (S&P)
The company operates approximately ±21,000 locations and plans to continue expanding for the foreseeable future
Dollar General has been recognized as an essential retailer and remained one of the most profitable companies throughout the COVID-19 pandemic
Dollar General has a market capitalization of approximately $25 billion