800 US Highway 85 N
Belfield, ND 58622
Dollar General · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire an Absolute NNN Dollar General in Belfield, ND. The subject property is a new construction store, and features a 15 year initial lease term (14.5 years left) with a corporate guaranty from Dollar General, which ranked #123 on the 2018 Fortune 500 list of top companies by revenue. Additionally, there are four 5-year options to extend at increased rents (10% every 5 years during option terms). The Absolute NNN lease features zero Landlord expense obligations, providing an investor with a “hands-off” investment. Dollar General benefits from being the only dollar store concept within the extended trade area. The addition of this store captures a demand for daily needs previously unmet by an established retailer. The property is well located and easily accessible at the intersection of Highway 10 east and U.S. Highway 85, the town’s “main & main” intersection which connects the town to Interstate 94, North Dakota’s busiest state freeway. Dollar General generated $25.6 billion in 2018 fiscal year sales and net income of $1.6 billion. Dollar General currently operates over 15,600 stores in 44 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors. Dollar General’s stock is up 45% over the past 24 months.