This modern Dollar General property is strategically positioned along E 7th St at Centennial Rd, a main thoroughfare in Wayne, NE, surrounded by residential, retail, and industrial uses. The 10,640 SF Dollar General Plus Store was constructed in 2021 and features a corporate guarantee from Dollar General Corporation (NYSE: DG), an investment-grade credit tenant rated BBB / Stable by S&P and Baa3 / Stable by Moody's. The lease commenced in December 2021 and expires in December 2036, with over 10 years of term remaining and four 5-year renewal options.
The property benefits from strong visibility with approximately 12,243 vehicles passing the site daily at the intersection of Centennial Rd and E 7th St. It is located approximately 1 mile from Wayne State College, a major local institution with over 4,500 students, and is surrounded by established retailers including Ace Hardware, McDonald's, Pizza Hut, O'Reilly Auto Parts, and Casey's. The lease features a rare 3% rental increase in Year 11, followed by 10% increases in each of four 5-year renewal options, providing built-in income growth. The NNN lease structure includes zero landlord responsibilities, providing investors with a passive ownership structure and predictable contractual income.