Dollar General NNN Properties for Sale
Absolute triple net leases. Corporate-guaranteed rent. Recession-resistant essential retail. Dollar General is the most active NNN tenant in the country — and one of the most accessible for $1031 exchange buyers.
5.5%–7.25%
Cap Rate Range
$1.2M–$2.8M
Typical Price
15 years
Lease Term
19,000+
Locations
BBB− (S&P)
Credit Rating
$36B+
Annual Revenue
Why Invest in Dollar General NNN Properties?
The investment thesis behind Dollar General as a single-tenant NNN asset.
Absolute NNN — Zero Landlord Responsibilities
Dollar General leases are structured as absolute triple net — the tenant pays all property taxes, insurance, and maintenance. No roof, no HVAC, no parking lot. Your only job is depositing a corporate check every month.
Recession-Resistant Essential Retail
Dollar stores are counter-cyclical. In recessions, Dollar General's traffic and same-store sales increase as consumers trade down from grocery and mass merchandise. Their $36B+ annual revenue held through 2008–09 and again through COVID with record sales.
Most Active NNN Tenant in the Country
Dollar General opens 700–800 new locations per year, creating a constant pipeline of new NNN inventory. This makes them the most liquid NNN tenant class — you can buy, sell, or 1031 exchange into a Dollar General more easily than almost any other single-tenant asset.
Low Price Point Opens the 1031 Market
With typical pricing of $1.2M–$2.8M, Dollar General NNN properties are accessible to investors exchanging out of residential rentals, small commercial, or fractional 1031 scenarios. You can often identify and close a Dollar General within the 45-day 1031 identification window.
Dollar General NNN — Strengths & Considerations
An honest investor's view of what makes Dollar General work — and what to watch for.
Investor Strengths
- Absolute NNN — zero landlord obligations
- Investment-grade corporate guarantee (BBB−)
- Counter-cyclical demand — thrives in recessions
- Most liquid NNN asset class nationally
- Entry price accessible for smaller 1031 exchanges
- 15-year initial terms with 5-year renewal options
- 10% rent bumps every 5 years (typical)
- Rural and suburban locations with low competition
Considerations
- Lower cap rates in high-demand Sunbelt markets
- BBB− is lowest investment-grade tier
- Rural locations may limit future buyer pool
- Flat roof structures can have maintenance exposure (some leases)
- Credit risk if Dollar General faces structural retail disruption
Dollar General as a 1031 Exchange Replacement Property
Dollar General is the go-to 1031 exchange replacement property for investors exchanging out of smaller California rental properties, commercial, or industrial assets. The low price point, abundant inventory, and absolute NNN structure make Dollar General ideal for meeting 1031 timelines without settling on deal quality.
Learn More About 1031 Exchange into NNNDollar General NNN — Common Investor Questions
What cap rates are available for Dollar General NNN properties?
Dollar General NNN cap rates range from approximately 5.5% to 7.25% nationally. New construction locations in primary Sunbelt markets (Phoenix, Dallas, Atlanta) trade at 5.5%–6.25%. Older locations in secondary and rural markets offer 6.5%–7.25%. For the current off-market inventory we have available, contact The ESS Group directly.
Is Dollar General truly absolute NNN?
Yes. Standard Dollar General leases are structured as absolute triple net — Dollar General Corporation is responsible for all property taxes, building insurance, and maintenance including the roof and structural components. Some older leases have minor landlord reserves; our team reviews every lease as licensed attorneys to confirm the precise obligation structure before you commit.
Is a Dollar General NNN property a good 1031 exchange investment?
Dollar General is one of the most popular 1031 exchange destinations for good reason. The combination of absolute NNN structure (no management), corporate guarantee, recession-resistant demand, and accessible pricing ($1.2M–$2.8M) makes it an excellent replacement property — especially for investors coming out of residential or smaller commercial properties.
What is Dollar General's credit rating?
Dollar General Corporation is rated BBB− by S&P Global, which is the lowest investment-grade rating. While this is the bottom tier of investment grade, Dollar General has maintained this rating through multiple economic cycles and has $36B+ in annual revenue supporting the lease guarantee.
How long are typical Dollar General NNN leases?
New Dollar General construction leases typically run 15 years with multiple 5-year renewal options at the tenant's discretion. Rent increases of 10% every 5 years are standard, providing inflation protection over the life of the investment.
See Current Dollar General
NNN Inventory
Tell us your investment criteria — budget, cap rate target, and 1031 timeline — and we'll share current off-market Dollar General NNN deals that match.