Dollar Generals Attract Investors

NORTHBROOK, IL—Earlier this month, GlobeSt.com reported that The Boulder Group, a net leased investment brokerage firm located in suburban Chicago, had just released a report that showed investor appetite for the top dollar store brands had increased since last year, pushing down cap rates for properties tenanted by Dollar General, Dollar Tree and Family Dollar. And the firm just completed the sale of a single-tenant net leased Dollar General portfolio consisting of three properties located in St. John, Meade, and Coldwater, Kansas for $2,000,000.

“The Midwest net lease market remains strong for corporately guaranteed single tenant properties regardless of where they are located,” says Randy Blankstein, president of Boulder. Jimmy Goodman, a partner with Boulder, adds, “cap rates for Dollar General properties are at an all-time low as their absolute dollar amount per property is attractive to multiple types of investors within the net lease sector.”