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Thursday, 04 October 2018

Dollar General is Tenant at 686 CMBS Collateral Properties

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Commercial Real Estate Direct Staff Report

Value retailer Dollar General is a tenant at 686 properties that serve as collateral for a total of 252 CMBS loans with a balance of $1.1 billion, according to analysis by Kroll Bond Rating Agency.

The retailer is among the few that continues to increase its store count. It plans to open 900 stores this year and opened 1,214 last year, bringing its total store count to 15,015 stores. Meanwhile, same-store sales increased 3.7 percent to $229/sf during the latest quarter. The company's stock price has increased by more than 30 percent over the past year. It's generally considered among the country's better performing retailers and its prospects remain healthy.

But Kroll noted...


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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Retail
  • Subject: Commercial MBS (CMBS)
  • Private: Yes
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Dan Moynihan

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