Single Tenant Dollar General

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Dollar General, (the “Property”) in Brookfield, Massachusetts. Dollar General operates on an Absolute NNN lease with over 4.5 years remaining and ten percent (10%) rental increases in the beginning of each of their three, five-year options. The triple-net (NNN) lease structure is few and far between for Dollar General as most of their leases require the Landlord to be responsible for roof and structure. This rare NNN lease structure allows for a hands-free, passive form of ownership attractive to any passive investor. Dollar General benefits from excellent visibility along W. Main Street, the main thoroughfare in town. Thanks to limited surrounding competition, as this is the only Dollar General in the zip code, Dollar General is a strong performer ranking in the top 73% in the United States. Visits have increased three years in a row, including an impressive 57% YoY increase. The next closest Dollar General is 5 miles away and is ranked in the bottom 30% in the State, within its chain, according to Placer.ai. The surrounding 3 and 5-mile area both boast a growing population with an average household income of over $100,000 with the five-mile radius topping out at $108,000.

Dollar General Corp. (NYSE: DG), is an investment grade credit rated (S&P: BBB) convenience store chain with over 20,000 locations. While competitive retailers have recently closed stores, Dollar General is in expansion mode, reinvesting proceeds to strong-performing locations. Dollar General reiterated its plans to execute 2,385 real estate projects in fiscal 2024, including the opening of 800 stores, remodeling 1,500 and relocating 85 stores (Costar.com). This is after total additions to property and equipment in fiscal 2023 were $1.7 billion, including approximately: $683 million for improvements, upgrades, remodels and relocations of existing stores (investor.dollargeneral.com). Brookfield is centrally located 65 miles east of Boston, 50 miles southwest of Hartford, CT and 60 miles southeast of Providence, RI.