How to Claim CAM Reimbursement - e.g. Dollar General

Question

Are there any Dollar General experts out there who can share how the Dollar General CAM reimbursement process works? Are there special forms necessary for the claim, do they go by the calendar year, etc. I contacted the DG real estate folks for info. They told me to 'follow what is outlined in the lease'. I really hate to admit it, but I don't have a copy of the lease (I have just recently assumed management of the family real estate). I asked DG for a copy of the lease but no response. I get the sense that they aren't encouraged to help owners with things that may cost DG money.

I think there may be a clock ticking on the CAM claim. Thanks for any tips on how to get this done.

Gregg P. · Answer

Thanks for the great replies. I've again requested the lease from them. The request for lease copy comes on the heels of a a request from them to do some repair on an electrical outlet. The lease is NNN. Anyway, the purchase transaction was 9 or 10 years ago (cash) so not many threads to pull on. Hopefully the lease admin folks at DG will come through and we can get the lease and then start our CAMM reimbursement request.

Ronald Rohde · Answer

Yep, and failing all these, send a friendly attorney letter requesting a copy, there is usually a duty to provide a copy under certain circumstances. You could always subpoena them, but hopefully they want to avoid that cost.

Kiley N. · Answer

If the purchase was financed, the lender may have a copy as well.

Joel Owens · Answer

Are you talking single tenant box or a multi-retail strip center with multiple spaces and tenants in it?

Courtney Duong · Answer

@Joel Owens

Hi Joel.  We need a lease agent for commercial (retail).  Do you know anyone in the Houston area that you can recommend? Thanks.

Joel Owens · Answer

Most newer Dollar Generals are absolute triple net leases. The lease would typically specify if they pay property taxes directly or if you get reimbursed after payment and how long it takes.  Most NN Dollar Generals are older vintage properties.

Was this a recent transaction in the last 3 years or so? The listing broker or the developer who sold the new DG or old owner might still have a copy of the lease. What attorney did your family use to originally buy? They might have a copy as well.

Did they have a buyers broker when purchasing? They might have a copy.