loader
Join Free
Views: 143 DOM: 309 Updated: 11.21.24 Posted: 02.16.24 Status: Active

Summary

Price $1,964,000
Built/Renov 1980/2023
Tenant Dollar General
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 6,959
Lease Start 06-01-2023
#Units 19,986
Price/SF $282.22
Expiration 06-30-2033
Tenant Type Dollar/Discount
NOI $137,500
R. Term 8.6
Ownership Fee Simple
Rent/SF $19.76
Increases 10.0%/9/yrs
Pop 5Mi 73,570
Lot/AC 0.17
Options 2/5yrs/10%
AHHI 5Mi $77,482

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Transferrable roof warranty included 
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of N. Albany Ave/U.S. Hwy 40 and Norsex Ave, with access to a combined daily traffic count of 41,200 vehicles. The property is conveniently situated just three blocks from the renowned Atlantic City boardwalk, one of the most sought-after tourist destinations in the United States, attracting an average of 27...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 19,084 49,572 72,509
2023 Total Population : 19,587 50,244 73,570
2023 Employed Civilian Pop : 9,550 22,236 33,211
2023 Total Businesses : 545 1,952 2,805
2023 Average Household Income : $ 71,202 $ 69,448 $ 77,482
2023 Total Consumer Spending : $ 448 M $ 1308 M $ 2079 M
2023 Median Age : 35 40 41
2023 Total Households : 7,263 21,644 30,903
2023 Pop Age 25+: Bachelor's Degree : 2,190 5,713 8,511
2023 Average Home Value : $ 315,918 $ 396,851 $ 411,905
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Captain John A O Donnell Parkway N Albany Ave 2017 7,686 0.06 mi
North Albany Avenue Sunset Ave 2017 28,030 0.08 mi
Albany Boulevard Captain John A O Donnell Pkwy 2018 27,481 0.09 mi
North Hartford Avenue Ventnor Ave 2018 9,507 0.10 mi
Atlantic Avenue S Hartford Ave 2017 12,140 0.16 mi
Ventnor Avenue N Annapolis Ave 2018 7,535 0.23 mi
Sunset Avenue N Boston Ave 2017 9,490 0.27 mi
Ventnor Avenue Ventnor Ave 2018 8,019 0.28 mi
Porter Avenue Warrena Rd 2018 2,681 0.32 mi
Porter Avenue 2019 776 0.34 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity