Bang Realty-Dakotas Inc is proud to present the opportunity to acquire a single-tenant Dollar General located at 100 N Main St, Chamberlain, South Dakota. The property was constructed in 2020 and features a ±9,527 square foot building situated on a oversized ±0.22-acre parcel along Main Street in downtown Chamberlain, offering strong visibility and exposure to approximately 11,948 vehicles per day
The asset is leased to Dollar General on a Rare NN+ basis (Dollar General Responsible for Full HVAC Maintenance & Replacements), providing truly passive ownership with minimal landlord responsibilities. The lease has approximately ±4.5 years of remaining term and includes Four (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $69,688 produces a 7.75% cap rate at the offering price, making this an attractive blend of yield and long-term stability.
Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy