ROADMAP: Selling a Dollar General

1. Selecting 3rd party vendors

• Brokerage to assist you with listing and marketing the property

  AND

• Attorney to assist you with deed preparation and closing coordination.

NOTE: Consider any outstanding maintenance issues that may put you in default of the lease terms and will prevent Dollar General from issuing a clean estoppel.

2. Collecting and organizing the due diligence documents that the purchaser is going to ask for:

• Original Lease and Lease Amendments

• Survey

• Existing Title Insurance Policy

• Deed

• Property Tax, including proof that Dollar General reimburses (if stated that tenant is responsible for reimbursement in the lease)

• Current Insurance information, including proof that Dollar General reimburses (if stated that tenant is responsible for reimbursement in the lease)

• Maintenance and Repair contact list including lawncare and snow removal, maintenance log, current warranties

3. Ordering the Estoppel/SNDA from the tenant

Once a Purchase and Sale Agreement is executed by all parties, order the Estoppel/SNDA from the tenant by emailing a request to estoppelsnda@dollargeneral.com. Receiving these documents typically carries no cost to you (the lease will specify), and requesting them from Dollar General will expedite and streamline the closing process. Possible compliance issues noted or documents listed that need to be collected from the tenant will take time to resolve, so having these document in hand early on is advantageous to everyone involved.