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Views: 22 DOM: 31 Updated: 04.30.24 Posted: 04.16.24 Status: Active

Summary

Price $2,038,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.64%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 04-17-2024
#Units 19,986
Price/SF $192.88
Expiration 04-30-2039
Tenant Type Dollar/Discount
NOI $135,252
R. Term 14.11
Ownership Fee Simple
Rent/SF $12.80
Increases 5.0%/5/yrs
Pop 5Mi 8,981
Lot/AC 1.84
Options 5/5yrs/5%
AHHI 5Mi $66,006

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently executed a brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on East Boulevard, a major retail thoroughfare, with access to 14,500 vehicles. The property enjoys a prime location across from Williamston Square, a prominent shopping center anchored by Food Lion. Moreover, it sits southwest of Roanoke Landing, another shopping center featuring Belk and Tractor Supply Co. Additionally, the site benefits from its...

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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 : 3,272 6,436 8,715
2023 Total Population : 3,352 6,613 8,981
2023 Employed Civilian Pop : 1,256 2,746 3,770
2023 Total Businesses : 307 488 529
2023 Average Household Income : $ 55,130 $ 60,361 $ 66,006
2023 Total Consumer Spending : $ 69 M $ 153 M $ 230 M
2023 Median Age : 44 45 46
2023 Total Households : 1,425 2,856 3,906
2023 Pop Age 25+: Bachelor's Degree : 326 597 799
2023 Average Home Value : $ 143,056 $ 151,238 $ 161,247
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Boulevard Park St 2022 14,463 0.08 mi
East Boulevard Peaks St 2019 7,500 0.20 mi
East Boulevard Peaks St 2018 6,200 0.20 mi
East Boulevard Plymouth St 2022 6,540 0.27 mi
Jamesville Road Warren St 2022 3,307 0.30 mi
Washington Street S Elm St 2022 5,581 0.31 mi
US 13;US 17 US Hwy 64 Alt 2022 9,946 0.31 mi
US 64 ALT Jamesville Rd 2020 9,100 0.36 mi
East Blvd Jamesville Rd 2018 8,600 0.37 mi
US Hwy 17 Hwy 64 Alt 2018 9,800 0.38 mi

Listing Broker

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