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Views: 20 DOM: 17 Updated: 04.30.24 Posted: 04.30.24 Status: Active

Summary

Price $2,126,400
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 10-27-2023
#Units 19,986
Price/SF $201.25
Expiration 11-01-2038
Tenant Type Dollar/Discount
NOI $127,584
R. Term 14.5
Ownership Fee Simple
Rent/SF $12.07
Increases 10.0%/14/yrs
Pop 5Mi 32,032
Lot/AC 3.25
Options 5/5yrs/10%
AHHI 5Mi $66,811

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 period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Plus is strategically located on W Beebe-Capps Expy, with access to 15,075 vehicles passing by daily. Situated within an excellent retail corridor, the property is surrounded by well-known national tenants including Walmart, Taco Bell, O'Reilly Auto Parts, Harps Food, Burger King, TJ Maxx and more. The 5-mile trade area is supported by a population of 32,032 residents with an...

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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 : 3,977 18,860 29,924
2023 Total Population : 3,948 18,722 29,874
2023 Employed Civilian Pop : 1,776 8,359 12,326
2023 Total Businesses : 74 603 1,280
2023 Average Household Income : $ 84,258 $ 79,460 $ 74,356
2023 Total Consumer Spending : $ 115 M $ 506 M $ 739 M
2023 Median Age : 40 38 36
2023 Total Households : 1,600 7,339 11,413
2023 Pop Age 25+: Bachelor's Degree : 555 2,390 3,196
2023 Average Home Value : $ 285,460 $ 290,152 $ 269,110
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 36 W Walrose Cir 2017 14,000 0.14 mi
AR 36 Charles Thomas Rd 2021 12,000 0.19 mi
Country Club Road Cecil Tedder Dr 2021 2,800 0.48 mi
West Pleasure Avenue Jennifer Ln 2021 16,000 0.67 mi
AR 36 Honey Hill Rd 2021 9,300 0.75 mi
S Sawmill Rd Charlestowne Dr 2017 3,100 0.98 mi
South Sawmill Road Normandy Ln 2021 2,600 0.99 mi
East Country Club Road Windy Ridge 2021 1,300 1.13 mi
South Country Club Circle E Country Club Rd 2021 480 1.16 mi
West Beebe Capps Expressway Robbye Ln 2021 25,000 1.23 mi

Listing Broker

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