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Views: 96 DOM: 173 Updated: 09.29.24 Posted: 06.13.24 Status: Contract 08.12.24

Summary

Price $1,207,686
Built/Renov 2015
Tenant Dollar General
Cap Rate 7.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 06-01-2015
#Units 19,986
Price/SF $132.71
Expiration 05-31-2030
Tenant Type Dollar/Discount
NOI $92,388
R. Term 5.6
Ownership Fee Simple
Rent/SF $10.15
Increases 10.0%/5/yrs
Pop 5Mi 83,903
Lot/AC 1.18
Options 5/5yrs/10%
AHHI 5Mi $58,679

Lease Highlights

  • Dollar General has 5+ 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 is strategically located at the hard corner intersection of 43rd Avenue and U.S. Hwy 80, a significant east-west thoroughfare, with access to a combined daily traffic count of 24,915 vehicles. The immediate area is surrounded by well-known national tenants including Waffle House, O'Reilly, Advance Auto Parts, Zaxby's, Walmart, 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
2029 Total Population : 2,101 36,631 83,315
2024 Total Population : 2,103 36,519 82,168
2024 Employed Civilian Pop : 962 16,132 35,139
2024 Total Businesses : 41 961 3,093
2024 Average Household Income : $ 70,206 $ 68,622 $ 70,546
2024 Total Consumer Spending : $ 53 M $ 908 M $ 2174 M
2024 Median Age : 37 36 37
2024 Total Households : 848 14,809 34,472
2024 Pop Age 25+: Bachelor's Degree : 105 3,162 7,007
2024 Average Home Value : $ 192,936 $ 212,414 $ 225,574
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Crawford Road 27th Ave 2020 23,875 0.27 mi
Crawford Road Auburn Rd 2021 23,875 0.27 mi
Wynn Road Cumberland Pl 2021 1,807 0.36 mi
Crawford Rd Old Crawford Rd 2018 25,654 0.47 mi
Wright Road 33rd Ave 2021 723 0.59 mi
Auburn Road Poyner Dr 2020 7,196 0.66 mi
Auburn Road 19th Pl 2021 7,196 0.66 mi
Auburn Road 38th Ct 2018 7,013 0.66 mi
Wright Road 8th St 2018 402 0.81 mi
Auburn Road 20th St 2021 5,757 0.85 mi

Listing Broker

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