Tag: Dollar General

With 17 Dollar Generals Sold This Year, There’s a New General in Town

Calkain’s Fallon Paves the Way for Net Lease Investors

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, recently completed the sale of his 17th Dollar General store this year, having sold 11 of them just this summer. The stores are located in Pennsylvania, Ohio, Maine and Maryland. All properties are similar in size, approximately 9,000 square feet and are 100% leased to Dollar General Corporation.  The newly constructed NNN stores sold at an average cap rate of 6.67%, right in line with the 6.63% average cap rate for Dollar Generals at the end of the Second Quarter 2017 according …

Traci BidingerWith 17 Dollar Generals Sold This Year, There’s a New General in Town

Tenant Profile – Dollar General

Dollar General is the largest dollar store chain. As of March 2017, they operate 13,429 locations across 44 states. The locations offer products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing, housewares, and seasonal items at low everyday prices.

AmyTenant Profile – Dollar General

Dollar General Continues to Draw Net Lease Investors’ Attention

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, completed the sale of 6 Dollar General stores to close out 2016. The stores were located in various locations in Pennsylvania, Ohio, Georgia, Massachusetts and Virginia. All properties were similar in size, approximately 9,000 square feet and are 100% leased to Dollar General Corporation. The stores sold at an average cap rate of 6.57%, right in line with the 6.60% average cap rate for Dollar Generals sold in 2016 according to Calkain research. Calkain represented different sellers and buyers on the transactions.

Dollar General properties continue to be attractive net lease

Emily CusmanoDollar General Continues to Draw Net Lease Investors’ Attention

Fallon & Campbell Complete Sale of Dollar General in Loganville, GA

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon and Associate Director, Scott Campbell, have recently completed the sale of the Dollar General, in Loganville, GA.  Built in 1996, originally as an Eckerd Pharmacy with approximately 9,800 square feet, the building is now 100% leased to Dollar General Corporation. The asset was previously occupied by Rite Aid and was converted to a Dollar General store in 2010.  With a new seven year lease extension, , this location sold at the full asking price of $1,809,231, a 6.50% cap rate.  The investment property is setup as a true NNN lease structure …

Traci BidingerFallon & Campbell Complete Sale of Dollar General in Loganville, GA

Two Dollar Generals Sell in Virginia – 20 Sold in Last 24 Months by Calkain’s Andrew Fallon

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon has recently completed the sale of two Dollar General stores, one in Halifax, VA and one in Petersburg, VA. Both properties were similar in size, approximately 9,000 +/- square feet and are 100% leased to Dollar General Corporation.  Developed as new build-to-suit stores in 2012, each location has just under 11 years left on the leases, and both were true NNN structures with no landlord responsibilities. The Halifax, VA store sold for $1,241,555, a 6.75% cap rate, while the store in Petersburg, VA sold for $1,410,000, a 6.55% cap rate.

Both

Traci BidingerTwo Dollar Generals Sell in Virginia – 20 Sold in Last 24 Months by Calkain’s Andrew Fallon

Dollar General Is On An Upward Path

GlobeSt.com

There are many forces driving Dollar General to be an investor’s current pick in the net lease world. As of August 13, 2016, Dollar General operates 13,000 stores in 43 states with plans to open 900 more stores this year and 1,000 more in 2017.  In order to support this expansion, the company plans to hire 10,000 employees this fall.

A majority of their locations have absolute-triple-net leases in place. The lease term is generally 15 years with stated option periods of 5 years each with rental increases ranging from 5-10% when an option is exercised. The national average cap …

Traci BidingerDollar General Is On An Upward Path

Calkain’s Fallon Sells Dollar General Portfolio

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, has recently completed the sale of a Dollar General portfolio located in Nebraska.  The three property portfolio comprises approximately 27,128+/- square feet, or 9,042 square feet per building, and is 100% leased to Dollar General. All three locations were new build-to-suit prototype stores,and two of the sites were relocations of previously existing, successful Dollar General stores. All locations have long term 15 year triple net leases guaranteed by Dollar General Corporation. The price and cap rate are confidential.

Andrew Fallon commented,

This was a private high net worth buyer who has

Emily CusmanoCalkain’s Fallon Sells Dollar General Portfolio

A Dollar-Store Comparison

GlobeSt.com

Dollar stores were once looked upon as second-class citizens in the retail world. Well, that is far from the case nowadays.

Since the recession, consumers have been more discerning in their shopping choices, and looking for deals at various outlets instead of just going to a single store to do their purchasing.

Dollar stores are at the forefront of this consumer pattern now, in part due to enhancements in their merchandise mix, offering a wider array of food, health products and over-the-counter healthcare products at inexpensive prices.

We are going to examine the country’s two largest dollar chains, Dollar General, …

Traci BidingerA Dollar-Store Comparison

As Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows

National Real Estate Investor

Dollar General has been on a winning streak, both as a retailer and as a net lease investment, since the economy began to recover in 2009. A number of factors are driving that winning streak as a retailer, but the company’s appeal as a net lease tenant is based on profitable operations and ambitious plans for expansion. What’s more, Dollar General recently unveiled strategic plans that will likely help it maintain its glitter in the eyes of net lease investors.

Dollar General already has an investment-grade corporate credit rating from rating agencies including Moody’s Investors Service (Baa3) and …

AmyAs Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows