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Views: 174 DOM: 330 Updated: 10.17.24 Posted: 01.26.24 Status: Active

Summary

Price $2,107,230
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 10-01-2023
#Units 19,986
Price/SF $231.56
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $136,970
R. Term 13.10
Ownership Fee Simple
Rent/SF $15.05
Increases 5.0%/5/yrs
Pop 5Mi 70,816
Lot/AC 0.69
Options 3/5yrs/5%
AHHI 5Mi $52,603

Lease Highlights

  • Brand-new 2023 construction | upgraded facade
  • New 15-year lease with 3 (5-year) options to extend
  • 5% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located on the hard corner, signalized intersection of 6th Ave and 58th Street which sees 11,504+ vehicles passing by daily. The property is within close proximity to multiple establishments, including Sheetz Headquarters (200+ employees) and Holy Trinity Catholic Middle School (133 students),and more, providing a direct consumer base for...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,454 29,299 69,909
2023 Total Population : 4,524 29,648 70,830
2023 Employed Civilian Pop : 2,119 13,508 32,383
2023 Total Businesses : 251 1,840 3,292
2023 Average Household Income : $ 83,239 $ 80,476 $ 78,519
2023 Total Consumer Spending : $ 145 M $ 895 M $ 2074 M
2023 Median Age : 49 47 44
2023 Total Households : 2,009 12,729 30,244
2023 Pop Age 25+: Bachelor's Degree : 641 3,887 9,088
2023 Average Home Value : $ 185,409 $ 185,684 $ 192,949
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
58th St 2022 247 0.16 mi
58th Street Boyce Ave 2022 5,385 0.16 mi
Montrose Ave 2022 226 0.17 mi
Colclesser Ave 2022 59 0.19 mi
59th St 2022 364 0.21 mi
6th Avenue 49th St 2022 9,345 0.26 mi
54th St 2022 86 0.28 mi
54th St 2022 94 0.30 mi
58th Street Grandview Ave 2022 2,252 0.30 mi
53rd St 2022 117 0.36 mi

Listing Broker

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