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Dollar General Announces 19,000th Store Opening
Dollar General Announces 19,000th Store Opening

GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General (NYSE: DG) commemorated the grand opening of its 19,000th store in Joplin, Missouri today with a community celebration and $19,000 donation to a local elementary school. Customers also received complimentary DG gift cards, tote bags and product samples.

Dollar General Eyes International Expansion
Dollar General Eyes International Expansion

After several months of cost pressures and disruption, Dollar General is rounding out 2022 with a focus on expanding digital capabilities, adding to their store count, and differentiating their customer experience.

In 2023, the variety store chain will set approximately 3,170 projects in motion, including 1,050 new store openings across the U.S. With nearly 19,000 stores located within 5 miles of about 75% of the population, Dollar General already has a significant physical presence across the retail landscape, reaching shoppers in places where other stores oftentimes cannot. Dollar General also plans to open their first international stores in Mexico some time in 2023.

Dollar General’s newest shoppers: People making $100,000 a year
Dollar General’s newest shoppers: People making $100,000 a year

CNN Business

Middle-income and wealthier shoppers, pinched by inflation, are shopping more at Dollar General for essentials and discretionary items.

Dollar General (DG) CEO Todd Vasos this week said the retail giant has been attracting customers earning $100,000 a year in recent weeks. Inflation has pushed up prices for groceries and gas, and now these shoppers are turning to Dollar General (DG) and others to try to save money.

Why Dollar Stores Are a Better Bet Than Big-Box Retailers Right Now
Why Dollar Stores Are a Better Bet Than Big-Box Retailers Right Now

Retailers have been under particular pressure this year, as inflation-strapped consumers are being forced to make harder choices. That reality was on display during first-quarter earnings season in May, when both Walmart (ticker: WMT) and Target (TGT) disappointed; and again in June, when Target lowered its guidance for the second time in a month.

The big-box stores cautioned that shoppers had rapidly shifted away from pandemic-popular categories—think clothing, home goods, and electronics—in favor of essentials, prompting hefty, margin-crunching discounts to move overstocked merchandise. That warning triggered selloffs across the industry, including dollar stores, which cater to lower-income consumers who are hurting the most from inflation.

Dollar General now open in Dickinson
Dollar General now open in Dickinson

Known for its affordability and convenient store locations to purchase household essentials, Dollar General has made its way to Dickinson and is open for business.

Located at 78 23rd Ave. W., Dollar General is open 8 a.m. to 10 p.m. Monday through Sunday. Through its mission of “Serving Others,” the store is stocked with household essentials such as food, cleaning supplies, paper products, over-the-counter medicines, hygiene products and baby items.

“At Dollar General, we believe the addition of each new store provides positive economic growth for the communities we proudly serve, and the addition of our new Dickinson store highlights our commitment to deliver a pleasant shopping experience that includes great prices on quality products in a convenient location, ” said Dan Nieser, Dollar General’s senior vice president of real estate and store development.

Dollar Store Summer Update
Dollar Store Summer Update

Dollar and discount superstores thrived over the pandemic, and foot traffic analytics indicate that the category leaders are not slowing down just yet.

Dollar General, which has been diversifying its store fleet by adding the new “popshelf” concept and expanding its grocery offerings under the Dollar General Market banner, also seems to be holding on to many of the new customers acquired over the pandemic. In April, May, June, and July, monthly visits compared to 2019 have increased by 25.9%, 20.2%, 25.3%, and 32.5%, respectively.

Dollar General Corp. stock outperforms competitors on strong trading day
Dollar General Corp. stock outperforms competitors on strong trading day

Shares of Dollar General Corp. DG, 1.20% inched 0.95% higher to $224.27 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, 1.38% falling 1.59% to 4,258.49 and Dow Jones Industrial Average DJIA, 1.61% falling 2.09% to 33,962.04. This was the stock's fifth consecutive day of gains. Dollar General Corp. closed $0.98 below its 52-week high ($225.25), which the company reached on November 9th.

The stock outperformed some of its competitors Monday, as Walmart Inc. WMT, 0.59% fell 0.23% to $141.23, Costco Wholesale Corp. COST, 0.42% rose 0.92% to $414.15, and Target Corp. TGT, 1.80% fell 0.01% to $251.12. Trading volume (1.9 M) eclipsed its 50-day average volume of 1.9 M.

Topgolf Entertainment Group Announces Expansion into South America Through New Partnership
Topgolf Entertainment Group Announces Expansion into South America Through New Partnership

DALLAS, July 8, 2021 /PRNewswire/ -- Global sports and entertainment leader Topgolf Entertainment Group announced today another major milestone on its global expansion journey by entering into a developer agreement with TG Latam (TGLA). With this partner, Topgolf plans to open venues in select South American countries starting with Bogotá, Colombia.

Currently, Topgolf operates 70 venues worldwide including 64 in the U.S., three in the United Kingdom, and one each in Australia, Mexico and the U.A.E (Dubai). Plans are also underway to open new franchised venues across Asia and Central Europe with locations currently in development in Oberhausen, Germany and Bangkok, Thailand.

Dollar General hires chief medical officer as it looks to become a health-care destination in rural areas
Dollar General hires chief medical officer as it looks to become a health-care destination in rural areas

Dollar General said Wednesday that it has hired its first chief medical officer and will add products such as cold and cough medication and dental supplies to shelves as it aims to become a health-care destination.

CEO Todd Vasos said the company’s new push is inspired by customers who said they want more convenient and affordable health-care products and services.

It has piloted new ways to provide medical care, too. Last month, it offered free Covid-19 testing at select locations through a partnership with the Virginia Department of Health. The Centers for Disease Control and Prevention said it was in talks with the company about turning stores into Covid vaccine sites, though the CDC and Dollar General have yet to announce any official plans.

Dollar General Announces New Commitments to Address Food Insecurity
Dollar General Announces New Commitments to Address Food Insecurity

GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General (NYSE: DG) today announced an operational partnership with Feeding America®, as well as a $1 million donation to the organization, to provide access to food resources in rural and otherwise underserved communities and to proactively address food insecurity across the country. The Company also plans to offer produce in up to 10,000 communities over the next several years, with a meaningful number of those stores in current United States Department of Agriculture (USDA) defined food deserts.

Dollar General’s work with Feeding America will be highlighted by a $1 million donation, as well as in-kind donations of perishable and nutritious food to community food banks. At full operational capacity, Dollar General seeks to provide up to 20 million meals each year. This will not only help alleviate hunger in the communities it calls home, but also nearly double the number of stores in which Feeding America services.

services

 

Colby Capital, LLC is a commercial real estate development company led by Tyler Oliver. Tyler invests in retail property both near and far from our Overland Park, Kansas, base. Our commercial real estate team is interested in selling and buying a range of retail and commercial-use buildings and properties, completing about 60 transactions yearly. We partner with TopGolf and Dollar general, serving as preferred developer for Dollar General in six states.

 

Dollar General Partnership:


 As a preferred development partner for Dollar General stores, we execute site selection, land acquisition, and store development. During the course of a 12 year partnership with Dollar General, we have created a complete and efficient development process. We work with skilled architects, general contractors and the corporate Dollar General team to achieve results. These strong partnerships have allowed us to develop over 250 locations.

 

TopGolf Partnership:

 

Augusta, GA

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rogers, ar

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For Sale 

 
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Dollar general locations

Several Dollar General locations are available. Please call or email for more information.

Please call or email for more information.
 
 
 

Leawood Market Center

135th St & Kenneth Rd, Leawood, Kansas

 

Shopping Center pad sites and anchor space available in this high growth area. The 3-mile population is 40,982 and the 3-mile medium household income is $93,244.

 

SAN ANGELO, TEXAS PAD SITES

3993 South Loop 306, San Angelo, TX

Three pad sites are available in San Angelo, Texas, located across the street from Sunset Mall.

for lease

 
 
 
 
 

Ponca Plaza

14th and Hartford Avenue, Ponca City, OK

Two spaces are available in the shopping center located at the intersection with the highest traffic counts in Ponca City.

 

North Hills Shopping Center

617 Highway 62 65 N Harrison, Arkansas 72601

Located in Harrison, Arkansas, the North Hills Shopping Center is in an excellent retail area with a great tenant mix. The center is anchored by Tractor Supply Company and Big Lots.

 

Shawnee Plaza

47th and Shawnee Drive Kansas City, Kansas

Shopping Center with 800-1,100 square feet available for lease.

 

leawood market development site

135th and Metcalf Overland Park, KS

Shopping Center pad sites and anchor space available in this high growth area. The 3-mile population is 40,982 and the 3-mile medium household income is $93,244.

 

portfolio

 

ABOUT

 

TYLER OLIVER

Tyler Oliver has spent over 30 years in the commercial real estate world, focusing on retail real estate, developing, purchasing, and leasing retail shopping centers. 

After completing his Marketing degree at Kansas State University, Tyler began his career with Dennis J. Eskie and Associates, a Kmart developer based in Kansas City. There, Tyler worked in site selection and land assemblage for various Kmart developments throughout the United States. Tyler spent several years at Dennis J. Eskie and Associates leasing retail projects and representing retail tenants throughout Kansas City.

In 1995, Tyler relocated to Washington, D.C. and joined The Mills Corporation. He joined the leasing department at The Mills and was assigned to work on the new and existing super-regional mall projects in Florida, Texas, Virginia and Illinois. In 1997 at the age of 29, Tyler, along with Douglas Henzlik, formed Henzlik-Oliver Real Estate Companies, LLC. In the early years of Henzlik-Oliver, Tyler focused on representing national retailers with their site selection in Kansas City. Retailers such as Home Depot, Just for Feet, Orscheln Farm & Home, and others have been clients. 

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Tyler founded Colby Capital, LLC in 2014. He continues to purchase and manage properties both in the Kansas City-metro and throughout the country. Colby Capital, LLC is a preferred developer for Dollar General. We've developed over 200 stores in Kansas, Nebraska, Missouri, South Dakota, North Dakota, and have recently expanded into Colorado. Tyler also focuses on acquiring, developing, and redeveloping shopping centers throughout the United States. Tyler has had ownership in over 37 retail projects in nine states.

 

THE TEAM

 
 
 

Jeannie Whitenack 

Chief Administrative Officer

Jeannie has been in the real estate industry for over 25 years, beginning in residential real estate. She managed a RE/MAX office of 50+ agents and staff. She then went on to Prudential where she was a licensed agent working with a team that closed upwards of 75 transactions annually.

The last 19 years she has worked side by side with Tyler Oliver. She is an officer for the company, managing all aspects of the office and staff. But her main focus is handling all of Colby Capital’s transactions. From contract to closing, she seamlessly closes upwards of 50 transactions per year. Jeannie also plays an integral role in the development and delivery of the firm’s Dollar General business.  She is dedicated to providing excellent results for all parties involved in a transaction. Jeannie also has an in depth knowledge of property management, accounting, and project management.

 

LESLIE BURNS

Controller

alvin edwards

Asset Manager

Mallory jenkins

Administrative Assistant

 

contact

Office: 913.738.9100

office Address:

13501 Aberdeen Parkway

Leawood, KS 66224