loader
Join Free
Views: 22 DOM: 20 Updated: 04.27.24 Posted: 04.27.24 Status: Active

Summary

Price $2,174,929
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 04-10-2024
#Units 19,986
Price/SF $205.84
Expiration 04-30-2039
Tenant Type Dollar/Discount
NOI $138,108
R. Term 14.11
Ownership Fee Simple
Rent/SF $13.07
Increases 5.0%/5/yrs
Pop 5Mi 53,484
Lot/AC 1.28
Options 5/5yrs/5%
AHHI 5Mi $79,409

Lease Highlights

  • Brand new 2024 build-to-suit construction for Dollar General PLUS
  • The tenant 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 Plus is strategically located on Southwest Parkway, with access to 22,800 vehicles passing by daily. The property is surrounded by well-known national tenants, including Ace Hardware, Hobby Lobby, Walmart Supercenter, Planet Fitness, and more. Key community educational institutions in the vicinity include S.H. Rider High School and McNeil Middle School. The 5-mile trade area is...

...

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,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,478 23,794 51,692
2023 Total Population : 3,538 23,842 51,945
2023 Employed Civilian Pop : 1,799 12,019 25,759
2023 Total Businesses : 58 578 2,010
2023 Average Household Income : $ 94,224 $ 98,063 $ 95,182
2023 Total Consumer Spending : $ 114 M $ 809 M $ 1745 M
2023 Median Age : 38 39 38
2023 Total Households : 1,409 9,588 21,193
2023 Pop Age 25+: Bachelor's Degree : 580 3,805 7,999
2023 Average Home Value : $ 209,415 $ 184,041 $ 211,185
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Southwest Parkway Allendale Rd 2022 5,681 0.12 mi
FM 2650 Southwest Pkwy 2022 872 0.13 mi
Jennings Ave Allendale Rd 2010 320 0.21 mi
Southwest Pkwy Stansbury Ln 2010 4,870 0.24 mi
Laci Ln Gregg Rd 2010 660 0.46 mi
Sandy Hill Blvd Gregg Rd 2010 1,010 0.48 mi
Southwest Parkway Rosedale St 2022 4,326 0.49 mi
Sisk Road Rosemont Rd 2020 2,139 0.54 mi
Sisk Road Rosemont Rd 2022 2,248 0.54 mi
Spring Shadow Dr Southwest Pkwy 2010 1,490 0.67 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity