Tenant: Dollar General | Redding, CA
Premises: 10,566 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 2/28/2037
Lease Type: Absolute NNN
Rental Increases: 10% at Options
Sands Investment Group is Pleased to Present Exclusively Offer For Sale the 10,566 SF Dollar General Absolute NNN Investment Asset Located at 12096 Dry Creek Road in Redding, California. This Opportunity Includes a High-Quality Tenant With a Long-Term Absolute Triple Net (NNN) Lease and Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group, Inc Lic. # 01768950
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Dollar General Corporation (NYSE: DG) was founded in 1939 and 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. 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 operated 17,683 stores in 46 states as of July 30, 2021. During the year, we completed 2,780 real estate projects, including the opening of our 17,000th store and the launch of our new pOpshelf concept, while also delivering the 31st consecutive year of same-store sales growth. In addition, the Company is reiterating its plans to execute 2,900 real estate projects in fiscal year 2021, including 1,050 new store openings, 1,750 store remodels, and 100 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.