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Views: 25 DOM: 36 Updated: 04.29.24 Posted: 04.10.24 Status: Active

Summary

Price $965,110
Built/Renov 2015
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 06-28-2015
#Units 19,986
Price/SF $106.93
Expiration 06-30-2030
Tenant Type Dollar/Discount
NOI $74,796
R. Term 6.1
Ownership Fee Simple
Rent/SF $8.29
Increases 10.0%/6/yrs
Pop 5Mi 1,654
Lot/AC 1.30
Options 4/5yrs/10%
AHHI 5Mi $67,843

Lease Highlights

  • Dollar General has 6 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on U.S. Hwy 62, the main thoroughfare, with access to 2,196 vehicles passing by daily. This prime location is further enhanced by limited competition in the area. Key educational institutions nearby include Paden Elementary and Paden High School. The 5-mile trade area is supported by a population of 1,654 residents with an average household income of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 477 934 1,634
2023 Total Population : 490 959 1,654
2023 Employed Civilian Pop : 147 277 538
2023 Total Businesses : 22 34 48
2023 Average Household Income : $ 72,062 $ 72,166 $ 67,843
2023 Total Consumer Spending : $ 12 M $ 23 M $ 38 M
2023 Median Age : 40 39 40
2023 Total Households : 189 358 627
2023 Pop Age 25+: Bachelor's Degree : 25 50 89
2023 Average Home Value : $ 184,969 $ 189,022 $ 178,058
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Ninth St 2021 2,300 0.17 mi
Main St 2021 1,200 0.41 mi
US Hwy 62 2021 130 1.59 mi
United States Highway 62 S River Rd 2003 2,300 1.79 mi
E1020 Rd 2021 510 2.70 mi

Listing Broker

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