Dollar Store NNN

Dollar stores are the entry point for many first-time NNN investors and 1031 exchange buyers. Dollar General is the largest operator in the sub-sector. Hanley's Q3 2026 table lists S&P BBB, stable, as of July 1, 2026, and Dollar Tree is also BBB, stable, including the Family Dollar brand. Underwrite the guarantor and the store, not the grade alone. Typical dollar store NNN leases run 15 years with periodic rent bumps every 5 years, on 9,000–10,000 SF prototypical buildings in secondary and tertiary markets. The low price point and high transaction volume make this sub-sector extremely liquid — a well-priced Dollar General can sell in 30–45 days.

1. 1Dollar General is BBB, stable, on the Hanley Q3 2026 table. Resale demand still follows the lease term and the location.
2. 2New-build Dollar Generals with 15-year terms in growing suburban and rural markets are a common entry-level NNN investment.
3. 3Family Dollar closures create risk — check the specific store's sales volume and the parent company's most recent closure list before acquiring.
4. 4Dollar store rents are often well below what a replacement tenant would pay, which can protect the landlord if the tenant vacates.
5. 5The price point makes dollar stores ideal for 1031 exchanges from residential multifamily — the accidental landlord's escape route.
6. 6Avoid relying solely on cap rate — a Dollar General with 14 years remaining is a fundamentally different investment than a Family Dollar with 7 years remaining.