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Views: 26 DOM: 26 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $1,363,000
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 08-21-2016
#Units 19,986
Price/SF $151.01
Expiration 08-31-2031
Tenant Type Dollar/Discount
NOI $96,708
R. Term 7.3
Ownership Fee Simple
Rent/SF $10.71
Increases 10.0%/0/yrs
Pop 5Mi 6,198
Lot/AC 2.16
Options 0/0yrs/10%
AHHI 5Mi $75,501

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 Woodland Bigler Highway, with access to 11,900 vehicles passing by daily. The property boasts excellent visibility with street frontage, providing ease and convenience for customers. The immediate area is surrounded by well-known national tenants including Walmart, Lowe's, Goodwill, FedEx, Anytime Fitness, and more. The 5-mile trade area is supported...

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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 : 424 2,936 6,089
2023 Total Population : 435 2,989 6,198
2023 Employed Civilian Pop : 257 1,434 2,946
2023 Total Businesses : 28 85 167
2023 Average Household Income : $ 78,772 $ 72,598 $ 75,501
2023 Total Consumer Spending : $ 11 M $ 77 M $ 171 M
2023 Median Age : 48 47 47
2023 Total Households : 166 1,203 2,571
2023 Pop Age 25+: Bachelor's Degree : 40 219 455
2023 Average Home Value : $ 125,000 $ 135,838 $ 157,800
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bigler Rd Railroad St 2017 2,424 0.40 mi
Jury Rd 2022 222 0.51 mi
Pinetop Road Jury Rd 2022 584 0.52 mi
Pinetop Road Trl 331 2021 939 0.52 mi
Woodland Bigler Highway Tipple Ln 2022 11,853 0.62 mi
Woodland Bigler Highway High St 2021 16,920 0.62 mi
Shiloh Rd T343 2017 354 0.68 mi
Wallaceton Bigler Hwy Knepp Rd 2016 428 0.91 mi
Philipsburg Bigler Hwy T337 2017 12,167 1.18 mi
T680 English Ln 2017 344 1.21 mi

Listing Broker

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