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Views: 21 DOM: 37 Updated: 04.29.24 Posted: 04.09.24 Status: Active

Summary

Price $1,457,970
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-13-2023
#Units 19,986
Price/SF $137.99
Expiration 01-31-2038
Tenant Type Dollar/Discount
NOI $97,684
R. Term 13.8
Ownership Fee Simple
Rent/SF $9.25
Increases 10.0%/14/yrs
Pop 5Mi 22,283
Lot/AC 1.04
Options 5/5yrs/10%
AHHI 5Mi $75,146

Lease Highlights

  • Dollar General Plus recently executed a brand-new 15-year lease with 5 (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 Plus is strategically located on Highway 75, with access to 14,661 vehicles passing by daily. The property is situated in close proximity to Dewey Elementary, Middle, and High School, as well as Peters True Value Hardware and Harps Food Store. The immediate area is surrounded by well-known national tenants such as Sonic, Casey's, and Dollar General. The 5-mile trade area is...

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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 : 1,664 4,836 23,319
2023 Total Population : 1,652 4,815 23,353
2023 Employed Civilian Pop : 756 1,984 10,033
2023 Total Businesses : 121 231 1,228
2023 Average Household Income : $ 59,046 $ 70,533 $ 72,420
2023 Total Consumer Spending : $ 33 M $ 121 M $ 605 M
2023 Median Age : 43 42 41
2023 Total Households : 638 1,946 9,556
2023 Pop Age 25+: Bachelor's Degree : 176 568 2,888
2023 Average Home Value : $ 138,088 $ 149,023 $ 163,042
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Osage Avenue N Osage Ave 2021 12,200 0.04 mi
1400 2018 10,600 0.43 mi
CR W1400 N 3975 Rd 2021 970 0.61 mi
Beach Ave 2021 770 0.76 mi
N Osage Ave E 6th St 2003 13,100 0.86 mi
N Downing Ave 2021 640 0.88 mi
North Osage Avenue E 5th St 2021 15,700 0.95 mi
US 75 W 1350 Dr 2021 9,900 0.95 mi
US Hwy 75 2021 550 1.45 mi
W 1550 Rd 2021 640 1.54 mi

Listing Broker

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