Dollar General Market

1123 East Williams Street, Autryville, NC 28318

$2,083,000

Cap Rate 6.75%

Views: 19 DOM: 23 Updated: 04.24.24 Posted: 04.24.24 Status: Active

Summary

Price $2,083,000	Built/Renov 2023	Tenant Dollar General Market
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,480	Lease Start 02-01-2024	#Units 19,986
Price/SF $166.91	Expiration 01-31-2039	Tenant Type Dollar/Discount
NOI $140,604	R. Term 14.8	Ownership Fee Simple
Rent/SF $11.27	Increases 5.0%/5/yrs	Pop 5Mi 6,661
Lot/AC 1.80	Options 5/5yrs/5%	AHHI 5Mi $83,472

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Brand new 2023 construction
Dollar General Market 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 Market is strategically located at the hard-corner intersection of Autry Highway and E Williams Street, with access to a combined daily traffic count of 8,500 vehicles. Autryville Highway serves as a main commuter corridor to Fayetteville, NC, from Clinton, NC, providing full access with a dedicated left turn lane located on Autry Highway. Furthermore, the property is enhanced...

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Key Features

New construction
Hard corner intersection
Strategically located
Highway location
Brand new lease
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Market Wikipedia Dollar General Wikipedia Autryville, North Carolina Zip Code 28318 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General Market
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 :	325	2,208	6,662
2023 Total Population :	325	2,216	6,661
2023 Employed Civilian Pop :	149	949	3,067
2023 Total Businesses :	12	43	134
2023 Average Household Income :	$ 76,537	$ 79,425	$ 83,472
2023 Total Consumer Spending :	$ 8 M	$ 65 M	$ 201 M
2023 Median Age :	42	42	43
2023 Total Households :	127	924	2,730
2023 Pop Age 25+: Bachelor's Degree :	29	188	666
2023 Average Home Value :	$ 129,612	$ 153,322	$ 179,489

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	E Clinton St	2021	112	0.04 mi
NC 24	N Still St	2020	350	0.11 mi
East Williams Street	N Still St	2021	407	0.11 mi
North Gray Street	W North St	2021	563	0.23 mi
South Gray Street	W Railroad St	2021	827	0.23 mi
W Williams St	S Mill St	2004	8,500	0.28 mi
NC 24	Autry Hwy	2021	9,390	0.50 mi
NC 24	N West St	2021	10,576	0.51 mi
NC 24 Business	Autry Hwy	2021	343	0.55 mi
Hollow Bridge Rd	Ava Rd	2018	650	0.63 mi

Listing Broker

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