Tenant: Dollar General | Colona, IL
Premises: 9,100 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 4/30/2030
Lease Type: NN
Rental Increases: 5% at Options
We Are Pleased to Present Exclusively For Sale the Dollar General Net Lease Investment Opportunity Located at 901 1st Street in Colona (Quad Cities), Illinois.
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Dollar General Corporation (NASDQ: 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 16,368 stores in 45 states as of February 28, 2020 with 16 different distribution centers. For fiscal 2018, Dollar General executed approximately 2,000 real estate projects comprised of 900 new stories, 1,000 store remodels and 100 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. Dollar General Net Lease