This blog forum is for the discussion of real estate as an investment and as a place to call home. The home that you own is an investment as is the shopping center investment or the rental apartment building. All topics of real estate to further wealth building and wonderful living are open to discussion. The more diverse the better. Please try to challenge us.
Tuesday, March 13, 2007
Dollar General - Single Tenant NNN Investment
Dollar General stores just announced a buyout by Kohlberg Kravis Roberts. 8,260 stores across the country going in to the hands of turn-around/restructuring artists. Current plans are to close 400 stores and open 300 in different locations. Then, I'm sure will come the real changes. Possibly selling off stores, closing hundreds of stores, renotiating leases, etc. A corporate signature is wonderful until you end up with KKR slashing and burning. Difficulty is also that most of these stores are in secondary and tertiary locations. Not easy to re-tenant in those areas...
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