Dollar General NNN Retail – Acquisition

South, US

$1,000,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place the debt for the acquisition of a Dollar General location in the southern US.

Property Description

The Built-to-Suit Dollar General executed a 15-year absolute NNN lease that commenced in early 2022 with a corporate guarantee. It is located right off a major highway.

Sponsors

The Sponsor is an experienced real estate investor with a commercial real estate portfolio worth more than $4.6M. Borrower is looking to expand their NNN retail portfolio with credit long term lease properties.

Challenges

  • Tertiary market (1,300 population)
  • Foreign registration issues
  • Borrower needed minimal fees

Solutions

  • Mitigated concerns with tenant credit and borrower strength
  • Worked with Attorneys & the Secretary of State to find a work around
  • Increased loan proceeds to cover Third Party costs

Funding

  • Loan To Value: 56%
  • Interest Rate: 6.67%
  • Term: 10 Years
  • Amortization: 30 Years
  • Prepayment: No Penalty
  • Close Date: 2/29/2024

Associate Director  | Capital Advisor

714-225-3165

ealvarez@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com