Purchase Price | $2,560,000 |
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Annual Rental Income | $160,000 |
Cap Rate | 6.25% |
Lease Term | 15 Years |
City | Elko |
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Dollar General stands as a powerhouse in the retail sector, operating nearly 20,000 stores nationwide with a strong focus on delivering affordable essential goods to underserved and secondary markets. The company’s business model is both recession-resistant and growth-oriented, ensuring steady performance even during economic downturns. Dollar General’s corporate guarantee, investment-grade credit rating, and absolute triple-net leases provide investors with a highly secure and passive income stream, as tenants are responsible for all property-related expenses including taxes, insurance, and maintenance. This model is especially attractive to those seeking low-management real estate investments with long-term stability.
Located in Elko, Nevada—a key regional hub in the northeastern part of the state—Dollar General benefits from a community with a diverse economic base and steady population growth. Elko, home to just over 20,000 residents, serves as the county seat of Elko County and plays a crucial role in the region’s economy, primarily supported by mining, healthcare, education, and retail sectors. The city’s strategic location along major transportation corridors facilitates robust trade and access to a wide consumer base, while the cost of living remains below the national average, attracting both residents and businesses. Elko’s retail environment blends local businesses with national chains, creating a stable demand for convenient discount retail options like Dollar General. The store is well-positioned within the community to serve both everyday local shoppers and transient populations connected to the mining industry. This confluence of a strong corporate tenant and a resilient regional economy makes the Dollar General property in Elko, NV, an attractive investment opportunity. Investors can expect dependable income backed by a reputable tenant in a market that offers long-term growth potential driven by diverse economic activities and demographic stability. The partnership of Dollar General’s proven operational strength with Elko’s strategic economic positioning ensures this asset will remain a valuable addition to any net-lease portfolio.