This Dollar General in rural Alabama was coming up for renewal after their original 10-year lease was expiring. Sometimes these deals get overlooked when they are not in a major metro area. There was no question that this store was in a rural area (operating in a community of 50,000 or fewer).
The new NNN ground lease (Triple Net Ground Lease) would only be 5 years with an option to renew for another 5 years so it was not optimal. Most lenders turned it down, but we were able to provide a 30-year USDA loan.
If you’re facing challenges securing financing for a rural investment, let’s discuss how we can help.
We Won't Waste Your Time
Let me be blunt. Here at Ivanhoe Capital, we structure deals to close and we don't waste you or your client's time. We want to get deals done and if we can't, we let you know RIGHT AWAY and WHY!