INVESTMENT HIGHLIGHTS
LONG TERM LEASE: The 7,500 square foot stand-alone building was completed in 2022 and sits on a 1.16-acre parcel of land. Dollar General has a new 15-year corporate guaranteed Absolute Net lease followed by three (3), 5-Year renewal options.
ATTRACTIVE RENT INCREASES: The lease features attractive 10% rent increases at the start of each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: Dollar General is strategically located on Kingstown Road, the property is less than two miles from the University of Rhode Island’s campus. The university is home to over 18,000 students and nearly 700 full time staff. The property is located in South Kingstown which is home to two of Washington County’s scenic beaches, tranquil farmlands, and historic landmarks and offers miles of unspoiled and breathtaking shoreline. Downtown offers unique shops and restaurants that line Main Street creating a desirable shopping corridor.
