Property Description
The Property is a fee simple interest (land & building ownership) in an absolute NNN, investment grade, newly built, corporate guaranteed, Dollar General investment property located in Martinsburg, WV. The tenant, Dolgencorp, LLC, recently signed a brand-new 15-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase at the beginning of the first three options, followed by a 14.59% increase at the beginning of the fourth, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB), and is an absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Dollar General is a nationally-recognized and established discount store currently operating more than 18,000 stores.