Jason Simon represented the buyer in this Dollar General transaction. The property was purchased as part of a 1031 exchange and was brand new construction on a 15 year, absolute NNN, corporately guaranteed lease.
The buyer closed on the property shortly after rent commencement and this unique Dollar General was a relocation store in a major metropolitan market. The buyer completed their 1031 exchange well within the allotted time frame thanks to the efforts of Jason Simon. For more details contact Jason Simon at 314-563-2206 or [email protected]
More on Dollar General:
Dollar General Corporation is the largest “small box” discount retailer in the U.S. by sales and number of locations. The Goodlettsville (Nashville), TN based chain operates 14,000 stores in 44 U.S. states. For fiscal 2017, Dollar General plans to open approximately 1,000 new stores. Dollar General offers over 10,000 items of name brand and generic merchandise. Their goal is to provide quality brands at low prices. The majority of products are below $10 with approximately 25% of them below$1. They offer a range of everyday convenience, food, gift, household, clothing and other items that offer consumers an easier and more accessible shopping solution in towns, large and small with the average customer in-store trip of less than 10 minutes!
Dollar General often serves communities that are too small for larger discount retailers. Approximately 70% of their stores serve communities of 20,000 or less population. They compete in the discount dollar store arena with national chains such as Family Dollar, Dollar Tree, regional chains such as Fred’s in the southeast and numerous independent owned stores. They are generally part of the retail fabric of the communities they are in.
As of Jan 14, 2017, the consensus forecast amongst 31 polled investment analysts covering Dollar General Corp. advises that the company will outperform the market. Year over year Dollar General Corp. grew revenues 7.72% from $18.91B to $20.37B while net income improved 9.36% from $1.07B to $1.17B. Over the last three months and the previous one year, Dollar General’s shares have advanced 7.29% and 4.11%, respectively.