JUST SOLD! Brisky Net Lease procured the buyer and assisted the seller in this portfolio sale of 4 Wisconsin Dollar Generals. All four locations are newly constructed with new 15-Year Absolute NNN leases!
Dollar General is the nation’s largest small-box discount retailer! The retail chain operates 16,500 stores in 46 states as of May 1, 2020. The Company believes consumer behavior driven by COVID-19 had a significant positive effect on net sales and same-store sales in the first quarter of 2020. Net sales increased 27.6% to $8.4 billion in the first quarter of 2020 compared to $6.6 billion in the first quarter of 2019. Same-store sales increased 21.7% compared to the first quarter of 2019, driven by increases in both average transaction amount and customer traffic. Throughout these unprecedented times, Dollar General has continued to demonstrate gratitude and support for their employees. In May Dollar General offered $250,000 to its Dollar General Employee Assistance Foundation, which provides financial aid to workers experiencing hardships amid COVID-19. In addition, the retail chain devoted an additional $25 million to retail, distribution, and fleet employee bonuses.
Brisky Net Lease’s net leased team has been busy, including several other Dollar General transactions, as the demand for the well-known discount store remains high due to their continuous success during COVID-19. Please reach out to us if you have a property you’d like to list or if you have any questions regarding current market conditions, we’re here to help!
Brisky Net Lease is based in Minnesota and represents properties all over the nation, to learn more please visit briskynetlease.com. If you would like more information about this property or any of our other listings, please contact us at 612-413-4200 or info@briskcommercial.com.