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Views: 21 DOM: 25 Updated: 04.21.24 Posted: 04.21.24 Status: Active

Summary

Price $1,319,000
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 12-01-2016
#Units 19,986
Price/SF $144.95
Expiration 12-31-2031
Tenant Type Dollar/Discount
NOI $93,600
R. Term 7.7
Ownership Fee Simple
Rent/SF $10.29
Increases 10.0%/0/yrs
Pop 5Mi 16,671
Lot/AC 1.85
Options 0/0yrs/10%
AHHI 5Mi $67,940

Lease Highlights

  • Dollar General has 7+ years remaining on the current lease term with options to be determined
  • 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 State Route 56, with access to 12,900 vehicles passing by daily. The property boasts excellent visibility with street frontage, offering ease and convenience for customers. The immediate area is surrounded by well-known national tenants including Rite Aid, The Salvation Army, UPS, Ford, Family Dollar, and more. The 5-mile trade area is supported by 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 : 183 3,294 16,374
2023 Total Population : 187 3,366 16,671
2023 Employed Civilian Pop : 71 1,383 7,808
2023 Total Businesses : 11 80 478
2023 Average Household Income : $ 71,556 $ 73,328 $ 67,940
2023 Total Consumer Spending : $ 4 M $ 92 M $ 438 M
2023 Median Age : 48 48 45
2023 Total Households : 78 1,437 7,306
2023 Pop Age 25+: Bachelor's Degree : 14 288 1,541
2023 Average Home Value : $ 291,016 $ 254,065 $ 178,267
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ridge Rd Frain Rd 2017 395 0.83 mi
1st Street Geiger Rd 2022 4,311 0.90 mi
Ridge Road Ridge Rd 2021 399 1.01 mi
Balsiger Road Cravenor Rd 2021 453 1.30 mi
1st Street Garvers Ferry Rd 2021 5,302 1.33 mi
Black Hollow Road Stoney Lonesome Rd 2022 50 1.33 mi
1st Street Spring Dr 2022 4,914 1.34 mi
Edmon Rd Balsiger Rd 2019 375 1.55 mi
Edmond Road Old State Rd 2021 562 1.55 mi
Garvers Ferry Road Sugar Hollow Rd 2022 867 1.57 mi

Listing Broker

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