LEASE & LOCATION

• 2024 build-to-suit construction for Dollar General
• 15-year absolute NNN lease (commencement in January 2024)
• 5% rental increases every 5-years for the life of the lease
• Larger Dollar General PLUS prototype (10,640 SF building)
• Zero landlord management responsibilities
• Washington is an income tax free state
• Average household income of $66,877 (considered to be Dollar General’s “sweet-spot”)

 

TENANT:

• Dollar General has an investment grade credit rating of BBB (S&P)
• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
• Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future