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Dollar General, Gillette, WY

Dollar General

Gillette, Wyoming

Price $2,204,000
Cap Rate 5.35%
NOI $117,873
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years In Option Periods
Year Built 2022
Building Size 10,542 SF
Lot Size ±1.50 Acres (65,340 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY TO GROWING RETAIL TENANT
» New 15-year Absolute NNN lease to growing retail tenant
» Corporate Guaranty (NYSE: “DG”)
» 10% rental increases in option periods, providing a hedge against inflation
» No landlord management making this an investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 46 states and has plans for significant future growth

STRATEGIC TOURIST-DRIVEN LOCATION AT THE CENTER OF GILLETTE
» Located along South Douglas Highway/Highway 59 on Shoshone Avenue with excellent visibility and access to a combined 18,281 vehicles per day near the site
» Tourist-driven location with 27 hotels, with 2,139 combined rooms, all within five miles of the site
» 3.5 miles from Campbell County Memorial Hospital (90 beds and 150-bed long-term facility, 1,100+ employees)
» Minutes from Gillette College (2,165 students), Thunder Basin High School (1,161 students), and Buffalo Ridge Elementary School (393 students)
» 36,890 residents reside within a five-mile radius
» High average annual household income average of $101,183 within three miles (projected 9% increase by 2027)

NEW 2022 CONSTRUCTION
» High-quality 2022 construction built to Dollar General’s latest prototype
» Prominent pylon sign attracting additional traffic to the site
» Wyoming is one of the most tax friendly states


Property Description

» Dollar General is located along South Douglas Highway/Highway 59 on Shoshone Avenue with excellent visibility and access to a combined 18,281 vehicles per day near the site
» The property is close to well-attended schools, including Gillette College (2,165 students), Thunder Basin High School (1,161 students), and Buffalo Ridge Elementary School
» The site is situated near a tourist-driven location with 27 hotels (2,139 combined rooms) all within five miles of the site
» 3.5 miles from Campbell County Memorial Hospital (90 beds and 150-bed long-term facility, 1,100+ employees)
» One hour away from Devils Tower, the nation’s first National Monument (500,000 annual visitors)

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