| Purchase Price | $2,114,285 |
|---|---|
| Annual Rental Income | $148,000 |
| Cap Rate | 7% |
| Lease Term | 11 Years |
| City | Decatur |
Dollar General, a publicly traded company (NYSE: DG) with an investment-grade credit rating (S&P: BBB), operates nearly 20,000 stores nationwide, focusing on providing affordable essentials in underserved and secondary markets. The company’s business model is recession-resistant and growth-oriented, ensuring steady performance even during economic downturns. Dollar General’s corporate guarantee 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.
Located in Decatur, Alabama—a regional hub in north-central Alabama—Dollar General benefits from a community with a diverse economic base and steady population growth. Decatur, with a population of approximately 58,321 as of July 1, 2023, serves as the county seat of Morgan County and plays a crucial role in the region’s economy, supported by manufacturing, 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. Decatur’s retail environment blends local businesses with national chains, creating a stable demand for convenient discount retail options like Dollar General.
The Dollar General store in Decatur is well-positioned within the community to serve both everyday local shoppers and transient populations connected to the industrial and agricultural sectors. The store’s location on Beltline Road SW, a major commercial corridor in Decatur, ensures high visibility and accessibility, attracting a steady stream of customers.
This confluence of a strong corporate tenant and a resilient regional economy makes the Dollar General property in Decatur, AL, 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 Decatur’s strategic economic positioning ensures this asset will remain a valuable addition to any net-lease portfolio.