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Views: 107 DOM: 191 Updated: 09.10.24 Posted: 06.13.24 Status: Active

Summary

Price $1,355,785
Built/Renov 2013
Tenant Dollar General
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,301
Lease Start 10-16-2013
#Units 19,986
Price/SF $145.77
Expiration 10-31-2028
Tenant Type Dollar/Discount
NOI $94,905
R. Term 3.10
Ownership Fee Simple
Rent/SF $10.20
Increases 10.0%/4/yrs
Pop 5Mi 98,005
Lot/AC 1.83
Options 5/5yrs/10%
AHHI 5Mi $79,436

Lease Highlights

  • Dollar General has 4+ 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 situated on 68th Street, with a daily traffic count of 12,650 vehicles. The property is in close proximity to key establishments such as Steelcase Manufacturing, Coca Cola Distribution Center, Amazon, and various other national, regional, industrial, and distribution tenants. The 5-mile trade area is supported by a population of 98,005 residents with an average...

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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 : 2,962 31,068 104,727
2024 Total Population : 3,017 30,903 103,656
2024 Employed Civilian Pop : 1,742 18,015 58,229
2024 Total Businesses : 90 1,073 3,444
2024 Average Household Income : $ 93,061 $ 115,048 $ 98,050
2024 Total Consumer Spending : $ 96 M $ 1107 M $ 3384 M
2024 Median Age : 35 36 36
2024 Total Households : 1,187 11,062 39,214
2024 Pop Age 25+: Bachelor's Degree : 481 6,344 17,395
2024 Average Home Value : $ 357,358 $ 330,258 $ 306,284
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
68th 68th St SE 2021 675 0.15 mi
Dutton Industrial Drive Southeast 68th St SE 2022 676 0.15 mi
E Paris Ave SE 2022 10,001 0.40 mi
WEST OF EAST PARIS E Paris Ave SE 2021 9,991 0.40 mi
68TH ST E Paris Ave SE 2020 9,426 0.40 mi
68th Street Southeast 2019 12,658 0.41 mi
68th Street Southeast Hanna Lake Ave SE 2022 13,092 0.41 mi
East Paris Avenue Southeast 68th St SE 2022 2,278 0.49 mi
East Paris Avenue Southeast 68th St SE 2022 5,249 0.50 mi
NORTH OF 68TH STREET Hanna Lake Industrial Dr SE 2021 4,652 0.51 mi

Listing Broker

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