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Views: 74 Updated: 04.16.24 Posted: 12.01.23 Status: Inactive

Summary

Price $1,769,355
Built/Renov 2022
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 10-25-2022
#Units 19,294
Price/SF $139.67
Expiration 10-31-2037
Tenant Type Dollar/Discount
NOI $115,008
R. Term 13.1
Ownership Fee Simple
Rent/SF $9.08
Increases 10.0%/14/yrs
Pop 5Mi 3,448
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $64,463

Lease Highlights

  • New 2022 construction
  • Dollar General Market has 13+ years remaining on the current lease term with 4 (5-year) options
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General Market is strategically located on AR-16 Highway E, providing a location with limited retail competition. The property relocated from a successful shopping center just across the street. Surrounding the property are several community establishments, including Fairfield Bay Pet Clinic, Craven Foods and Hillcrest Dry Storage. The 5-mile trade area is supported by a population of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 352 1,617 3,345
2023 Total Population : 369 1,670 3,448
2023 Employed Civilian Pop : 58 431 1,102
2023 Total Businesses : 36 89 130
2023 Average Household Income : $ 58,733 $ 63,982 $ 64,463
2023 Total Consumer Spending : $ 9 M $ 51 M $ 98 M
2023 Median Age : 59 63 61
2023 Total Households : 186 926 1,750
2023 Pop Age 25+: Bachelor's Degree : 58 270 436
2023 Average Home Value : $ 154,562 $ 161,417 $ 162,001
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Edgemont Rd Sandiff Rd 2002 2,500 1.03 mi
AR 16 Sandiff Rd 2021 2,300 1.20 mi
State Highway 16 Lightfoot Dr 2021 2,300 1.40 mi
Woodlawn Drive Mossy Rock Rd 2021 350 1.44 mi
Woodlawn Dr Mossy Rock Rd 2017 340 1.46 mi
Lightfoot Drive Stagecoach Rd 2021 30 1.93 mi
Hwy 330 Dog Trl 2021 1,300 2.90 mi

Listing Broker

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