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Views: 29 DOM: 37 Updated: 04.29.24 Posted: 04.10.24 Status: Active

Summary

Price $1,730,925
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 10-01-2023
#Units 19,986
Price/SF $163.82
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $115,972
R. Term 14.5
Ownership Fee Simple
Rent/SF $10.98
Increases 5.0%/4/yrs
Pop 5Mi 1,719
Lot/AC 1.55
Options 5/5yrs/5%
AHHI 5Mi $104,361

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 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed | Investment grade tenant

Location Description

Dollar General Plus is strategically located on US Highway 56, a main thoroughfare, with access to 4,393 vehicles passing by daily. The property is conveniently situated in close proximity to Canton Galva Elementary School and is approximately 6.2 miles from McPherson College, 7.2 miles from McPherson, KS, and 8.1 miles from Central Christian College. 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 : 856 1,187 1,750
2023 Total Population : 857 1,191 1,761
2023 Employed Civilian Pop : 442 603 886
2023 Total Businesses : 46 64 158
2023 Average Household Income : $ 108,391 $ 106,899 $ 104,110
2023 Total Consumer Spending : $ 37 M $ 48 M $ 67 M
2023 Median Age : 40 40 41
2023 Total Households : 372 498 702
2023 Pop Age 25+: Bachelor's Degree : 136 189 275
2023 Average Home Value : $ 182,063 $ 189,362 $ 200,878
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
4th St 2021 1,416 0.30 mi
4th St 2021 1,416 0.30 mi
Main Street E 1st St 2018 1,350 0.52 mi
E John St 2021 1,416 0.65 mi
E John St 2021 1,416 0.65 mi
Limestone Road PkSt 2021 5,320 0.66 mi
Limestone Road S Mulberry St 2018 5,360 0.71 mi
21st Ave Northview Rd 2005 887 0.78 mi
21st Avenue Navajo Rd 2021 1,416 0.89 mi
Limestone Rd 23rd Ave 2008 4,760 1.69 mi

Listing Broker

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