Dollar General
The largest US store base of any retailer and an investment-grade (BBB) guarantor; after a 2024 margin reset, 2025-2026 results recovered and the company is again adding ~500+ stores a year alongside heavy remodel programs. New-build DG leases are typically 15-year absolute NNN with flat primary terms, so value rests on corporate credit and rural trade-area durability.
- US units
- 21,148
- Q2 2026 (incl. a few Mexico stores)
- 3Y net growth
- +10.7%
- vs. FY2022
- Credit rating
- BBB
- Investment grade
- Typical term
- 15 yr
- Absolute NNN
- Model
- Corporate
- Public
Unit count
Dollar General in the news
All news →No tagged headlines in the last three weeks.
Dollar General net lease FAQ
What is Dollar General's credit rating?
Dollar General is rated BBB, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Dollar General locations are there in the US?
Dollar General reported about 21,148 US locations as of Q2 2026 (incl. a few Mexico stores). That is +10.7% versus 19,104 in FY2022.
What does a typical Dollar General net lease look like?
Lease type: Absolute NNN. Initial term: 15 yr. Rent increases: 10% at options (5x5). These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Dollar General corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.