Average Sale and Lease Details
Price Range 12mo avg: | $1.03M – $1.44M |
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$/sf 12mo avg: | $133.24 |
CAP Rate 12mo avg: | 7.08% |
NOI average: | $89289 |
Lease Terms: | 15yrs |
Typical Lease Type: | NNN |
Building Size avg: | 9449 SF |
Lot Size avg: | 1.45+/- acres |
About Dollar General
Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operated 13,429 stores in 44 states as of March 3, 2017. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Dollar General sells similar products as wholesale retailers Wal-Mart (WMT) and Target (TGT), but typically at lower prices. Because of this, during harsh economic conditions, many consumers may make the change of shopping at Dollar General instead of a regular wholesale retailer.
Dollar General Financial Highlights
S&P Credit Rating: | BBB |
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Moody’s Credit Rating: | Baa2 |
Annual Revenue 2016: | $21.9B |
Annual Revenue 2015: | $20.4B |
Revenue Growth: | ↑ 7.94 2015 |
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Net Income | $1.5B |
Units (Mar. 2017) | 13429 |
Average Units Volume: | $1.64M |
Recent Closings for Dollar General and Similar Tenants