The Boulder Group Arranges Sale of Triple Net Leased Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 6292 US Route 77 in Riviera, Texas for $1,260,000.

The 9,026 square foot Dollar General is strategically located along US Route 77 which is the area’s primary north-south thoroughfare. Retailers located in the immediate area include Burger King, Stripes, Dairy Queen, and Subway. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The seller was a southeast based institution and the purchaser was an Illinois based private investor.

There are 15 years remaining on the Dollar General lease which expires in May, 2031. The lease features 10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities. Texas is an income tax free state.  Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. As of August 31, 2016, Dollar General operated over 13,000 stores located in 43 states.

“The market for new construction net leased dollar stores remains active as these assets are in high demand among private investors” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “New construction properties with long term leases to investment grade tenants with rental escalations are the most sought after net lease product.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

Dollar General Single Tenant Net Lease Properties For Sale

The Boulder Group is currently selling 26 Dollar General properties (available individually). More information can be found at  http://www.bouldergroup.com/NNN-Properties-For-Sale.html

The Boulder Group Arranges Sale of Triple Net Leased Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 4180 University Parkway in Natchitoches, LA for $1,362,000.

The 9,014 square foot Dollar General building is strategically located along University Parkway which experiences traffic counts in excess of 16,000 vehicles per day. University Parkway is the primary east-west thoroughfare in the trade area and connects Natchitoches to Interstate 49 to the west. Retailers located in the immediate area include McDonald’s, Burger King, Popeyes, Wendy’s, RaceWay, MidSouth Bank, Brookshires, Hampton Inn, Holiday Inn Express, Comfort Suites and Fairfield Inn & Suites.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Dollar Store developer. The purchaser was a private investor in a 1031 Exchange based on the West Coast.

The Dollar General lease has over 13 years remaining and expires on October 31, 2029. The absolute triple net lease features no landlord responsibilities and three 5-year renewal option periods. The lease features a 3% rental escalation in Year 11 and a 10% rental escalation in each renewal option period. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.

“Well located single tenant assets with solid real estate fundamentals continue to be in the greatest demand” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The market for new construction net leased dollar stores remains active as these assets are in high demand among private investors.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Arranges Sale of a Single Tenant Net Leased Dollar General Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General portfolio consisting of two properties located in Missouri for $2,625,000.   

The portfolio consists of two brand new construction Dollar General properties. The leases have approximately 15 years remaining and are both absolute triple net leases. Dollar General is an investment grade rated company (S&P: BBB) and is publicly traded with a market capitalization in excess of $23 billion.

The portfolio included the following Dollar General properties:

1.   927 US Route 24, Monroe City, MO

2.   103 N 25^th Street, Bethany, MO

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southeast based institution. The purchaser was a private investor in a 1031 Exchange based in Missouri.

“The market for new construction net leased dollar stores remains active as these assets are in high demand among private investors” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The market for new construction net leased dollar stores remains active as these assets offer investors long term leases to investment grade rated tenants.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com