Dollar General

16526 Alabama 157, Vinemont, AL 35179

$1,245,946

Cap Rate 7.50%

Views: 61 DOM: 131 Updated: 10.25.24 Posted: 08.21.24 Status: Active

Summary

Price $1,245,946	Built/Renov 2019	Tenant Dollar General
Cap Rate 7.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 06-01-2019	#Units 19,986
Price/SF $136.92	Expiration 06-01-2034	Tenant Type Dollar/Discount
NOI $93,446	R. Term 9.5	Ownership Fee Simple
Rent/SF $10.27	Increases 10.0%/9/yrs	Pop 5Mi 6,220
Lot/AC 2.10	Options 5/5yrs/10%	AHHI 5Mi $54,531

Todd Lewis

Secure Net Lease

Contact

Lease Highlights

Dollar General has 9+ years remaining on the current lease term with 5 (5-year) options to extend
10% rental increases at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Highway 157, a major thoroughfare with access to a daily traffic count of 5,032 vehicles. The property is positioned near well-known national retailers such as Jack in the Box, U-Haul, HomTex, Alfa Insurance, Garrison, and more. Vinemont's elementary, middle, and high schools are also nearby. The 5-mile trade area supports a population of 6,220...

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Key Features

Build to suit
Near major nationals
Strategically located
Freeway close
Highway location
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Vinemont, Alabama Zip Code 35179 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# 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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Listing Broker

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