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Views: 35 DOM: 36 Updated: 04.30.24 Posted: 04.10.24 Status: Active

Summary

Price $1,780,750
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-01-2024
#Units 19,986
Price/SF $168.54
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $121,091
R. Term 14.8
Ownership Fee Simple
Rent/SF $11.46
Increases 10.0%/14/yrs
Pop 5Mi 1,814
Lot/AC 1.72
Options 5/5yrs/10%
AHHI 5Mi $81,600

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General Plus has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed | Investment grade tenant

Location Description

Dollar General Plus is strategically located at the signalized, hard corner intersection of West 11th Street and State Hwy 48, with access to a combined daily traffic count of 7,298 vehicles. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 1,814 residents with an average household income of $81,600. Kellyville, a...

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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 : 129 742 1,829
2023 Total Population : 128 738 1,819
2023 Employed Civilian Pop : 62 343 845
2023 Total Businesses : 2 7 20
2023 Average Household Income : $ 85,461 $ 83,067 $ 81,634
2023 Total Consumer Spending : $ 3 M $ 21 M $ 51 M
2023 Median Age : 44 44 44
2023 Total Households : 49 288 721
2023 Pop Age 25+: Bachelor's Degree : 10 57 135
2023 Average Home Value : $ 208,333 $ 213,494 $ 214,237
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
OK 33 State Hwy 48 2021 4,100 0.35 mi
W 111th St S 2021 2,700 0.36 mi
W 121st St S 2021 4,600 0.42 mi
W 111th St S N3710 Rd 2018 4,200 0.87 mi
W 131st St S 2021 1,600 2.06 mi

Listing Broker

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