Tenant: Dollar General | Jackson, AL Premises: 7,500 SF Renewal Options: 2 x 5 Years
Lease Expiration: 08/31/2026 Lease Type: NN Rental Increases: 5% Increase September 2021; 10% in Options
Sands Investment Group is Pleased to Present Exclusively For Sale the 7,500 SF Dollar Store NN Lease Investment Located at 803 College Avenue in Jackson, Alabama. This Deal Includes a Low Price Point Investment With a Rent Increase of 5% Set For September 2021, Providing For a Unique Opportunity.
Rent Increase of 5% Set For September 2021
Low Price Point Deal
Corporate Guarantee
Dollar General is a Publicly Traded (NYSE: DG) Fortune 500 Company With an S&P Investment Grade Credit Rating of BBB
Dollar General Operates 17,426 Stores in 46 States as of April 30, 2021
Located on the Major North/South Artery Through Town and Within Minutes of the Jackson Medical Center and Walmart Supercenter
Jackson is Located Along the East Bank of the Tombigbee River and Was Named After President Andrew Jackson
The Economy in Jackson is Timber Based and is Home to the Packaging Corporation of America, the Largest Employer in the City
Mobile is 1 Hour South of Jackson on US-43
Nearby Tenants Include: CVS Pharmacy, Minnie Mae’s, NAPA Auto Parts, Tractor Supply, Ace Hardware, USPS, Sonic, McDonald’s and More
In Cooperation with BoR: Andrew Ackerman Lic. #C0001099750
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Tenant Overview
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.
As of April 30, 2021, Dollar General Corporation operated 17,426 stores in 46 states in the United States. For fiscal 2019, Dollar General executed approximately 2,600 real estate projects comprised of 1000 new stores, 1,500 store remodels and 80 store relocations. For the 52-week fiscal year ending January 29, 2021 (“fiscal year 2020”), the company plans to execute nearly 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.