Looking at buying a corporately-operated Dollar General on a NN lease with 4-6 years left. Broker says sales are strong but hasn’t shared numbers.
I'm NOT a passive investor, I have experience running mini-supermarkets /dollar stores/gas stations and already have supplier relationships. If DG doesn’t renew, I’d look to repurpose and operate the store based on what concept drives the best return locally. That's the whole reason I want to do the deal anyways.
Main things I’m trying to figure out:
- Will the broker give me Dollar General's store sales? Any way to verify accuracy?
- What’s a healthy rent-to-sales ratio for DG? Is under 6% the right benchmark?
- How often does DG build a competing store nearby after lease expiration?
- Anything else to watch for when planning for potential reuse?
Appreciate any insight from people with DG or NNN retail experience. Looking at this as a long-term strategic play, not just mailbox money.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1kf4r9n/buying_a_nn_dollar_general_w_5_years_left_need/
Comments
Post a Comment