How Small Landlords Can Move Into Dollar General NNN Properties

In this episode of Commercial Connections: Investing with Confidence, I sit down with Cody Crist and Matt Davis of Trinity Real Estate Investment Services to talk about how small landlords can move into Dollar General NNN properties.We use a real ownership scenario:An investor sold multifamily in Oregon, completed a 1031 exchange, and bought a Dollar General in Illinois. The property produces about $103,500 in annual rent and has roughly nine years left on the lease.The question now is simple.Hold it.Sell it.Or exchange into a newer Dollar General lease.We explore:⦿ Why small landlords look at Dollar General NNN properties⦿ How triple net leases reduce management-heavy ownership⦿ Why lease term changes buyer behavior⦿ What happens when 2020–2022 pricing resets⦿ Why store performance data is not always enough⦿ How reduced new-store supply affects exchange options⦿ When it may make sense to hold instead of sellThis episode is for owners who are tired of repairs, turnover, insurance pressure, and tenant calls, but still want to stay in real estate.NNN can reduce the operating load.But it does not remove underwriting risk.Lease term, rent basis, cap rates, store performance, and exit timing still matter.💌 STAY AHEAD YOUR WAYWant smarter insights, market trends, and strategies delivered straight to your inbox? Join the Commercial Connections Newsletter.👉 https://go.eugene-commercial.com/newsletter📊 GET THE MARKET SNAPSHOTIf you want a clearer read on the Eugene–Springfield and U of O apartment market, start here.👉 https://eugene-commercial.com/choose-your-market-snapshot-page📅 BOOK A CALLIf you own apartments in Oregon and are thinking about selling, exchanging, retiring, or simplifying your ownership, schedule a strategy call.👉 https://link.acquisitionpro.io/widget/bookings/rene-nelson-ccim-strategy-session📝 EPISODE THEMES00:00 – Welcome and guest introduction06:00 – Real Dollar General ownership scenario09:50 – Illinois store rent, lease structure, and NNN setup11:00 – How Cody evaluates the store13:15 – Lease term and timing pressure15:30 – Cap-rate reset after 2020–2022 pricing18:25 – Why many net lease assets are worth less today20:15 – Cap rates in stronger growth markets21:00 – Dollar General’s reduced new-store pipeline23:20 – Store performance and third-party data25:05 – Why site visits still matter28:35 – Shrinkage, theft, and self-checkout changes32:00 – Renewal risk and closure probability34:00 – Why owners need specialized advice37:25 – Dollar General remodels and store reinvestment🔗 CONNECT WITH CODY CRISTLinkedIn: https://www.linkedin.com/in/cody-crist-04478983/Email: [email protected]🔗 CONNECT WITH MATT DAVISTrinity Real Estate Investment Services: https://trinityreis.com🔗 CONNECT WITH RENÉhttps://eugene-commercial.com/