Dollar General Triple Net Lease Properties

Are you interested in purchasing a fee simple single tenant Dollar General triple net lease property for 1031 exchange?

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Dollar General

About Dollar General:

Dollar General, Corp is a chain of variety stores operating in 35 U.S. states. The chain operates 8,414 stores and its headquarters is located in Goodlettsville, Tennessee, a suburb of Nashville. The stores were founded in 1939 by Cal Turner in Scottsville, Kentucky as J.L. Turner & Son, Inc. In 1968 they change the name to Dollar General Corporation.[1] As of the third fiscal quarter of 2007, the company was acquired by Kohlberg Kravis Roberts & CO (KKR), a private equity firm, who took the company public in 2009.[2][dead link]

Dollar General stores are typically in small shopping plazas or strip malls in local neighborhoods. The company acquired the 280 stores of the P.N. Hirsh Division of Interco, Inc. (now Furniture Brands International, Inc.) in 1983 and in 1985 added 206 stores and a warehouse from Eagle Family Discount Stores, also from Interco, Inc. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer. In some cases, stores are within a few city blocks of each other.

Dollar General offers both name brand and generic merchandise — including off-brand goods and closeouts of name-brand items — in the same store, often on the same shelf.

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