Property summary
This exceptional investment opportunity presents a 10,640 square foot Dollar General store, built in 2023, situated on a 1.976-acre lot at 567 US-93, Eureka, MT 59917. The property boasts a 15-year absolute NNN lease commencing September 15, 2023, and expiring September 30, 2038, with a remaining term of 14 years. The lease includes a 5% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $134,052, yielding a 6.25% cap rate on the asking price of $2,145,000. The tenant, Dollar General Corporation (NYSE: DG), is investment-grade credit rated and provides a full corporate guarantee. This single-tenant property benefits from its location on US Route 93, a major thoroughfare with high daily traffic volume (6,723 vehicles per day), and its proximity to the US/Canada border and Banff National Park. The store features Dollar General's large-format model and ample parking (50 stalls). This is a 1031 exchange eligible property. Projected growth in the area further enhances the investment potential. The property is a high-quality, upgraded construction, representing a secure and profitable investment.
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