DOLLAR GENERAL| $1,074,830 | 6.50% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Dollar General a single-tenant property located at 1110 North Marshall Street, Chapman, KS 67431.
The subject property is comprised of 9,100 square feet and was built in 2014. The building sits on a large 2.00 Acre lot located just off North Marshall Street.
Dollar General operates on a corporate 15-year lease with 8.75-years remaining on the initial term. Dollar General will see rental increases of 3% in year 11 & 10% increases in each of the Four, 5-year options to extend the term.
Dollar General is the fastest-growing retailer which currently boasts roughly 16,750 neighborhood general stores in 46 US states, primarily in the South, East, Midwest, and the Southwest. Roughly 75% of Dollar General’s sales are derived from consumables (including refrigerated, shelf-stable, and perishable foods,) in addition to everyday household items such as paper towels, bath tissues, paper dinnerware, laundry, and home cleaning supplies. Dollar General offers some of America’s most trusted name brands such as Clorox, Energizer, Proctor & Gamble, Hanes, Coca-Cola, Mars, Nestlé, Kimberly-Clark, Kellogg’s, General Mills, Pepsi, and many others. Over the past few years,
Dollar General has started to introduce alcohol and tobacco products such as cigarettes into their product mix, which has further driven revenue and increased profitability.
With its small-box store model typically measuring ± 9,100 sq. ft, Dollar General targets cost-conscious consumers that prefer easier and quicker access to items than at supersized competitors such as Wal-Mart and Costco (which are also often much farther away). Indeed, Dollar General’s
strategy of catering to the value-conscious has paid off big, both during and after the recession. The discount retailer boasted its expectation of 29 consecutive years of same-store sales growth in December 2018, attributable to its value and convenience proposition, along with strong consumables and seasonal goods sales.