ABSOLUTE NNN LEASE - PASSIVE OWNERSHIP STRUCTURE
Under the NNN lease, Dollar General is responsible for taxes, insurance, and maintenance—including roof and structure—resulting in zero landlord obligations and a fully passive, management-free investment.
CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANT
The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant rated BBB by Standard & Poor’s, with nationwide operations exceeding 20,000 locations and 2024 revenue over $40 billion.
LONG-TERM NET LEASE WITH RENEWAL OPTIONS
The property is subject to a 15-year absolute NNN lease commencing June 26, 2021, and expiring June 30, 2036, with approximately 10 years remaining. The lease includes three (3) five-year renewal options with 10% increases in each option, providing predictable income growth and long-term stability.
IDEAL DOLLAR GENERAL SUBMARKET
Dollar General serves as a primary source for grocery and household necessity items in Norwich, NY, a smaller community with a stable residential base. The property benefits from a strong local trade area and aligns with Dollar General’s focus on markets that combine consistent daily traffic with long-term population stability.