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Views: 113 DOM: 191 Updated: 09.29.24 Posted: 06.13.24 Status: Active

Summary

Price $1,079,059
Built/Renov 2015
Tenant Dollar General
Cap Rate 7.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 03-01-2015
#Units 19,986
Price/SF $118.58
Expiration 02-28-2030
Tenant Type Dollar/Discount
NOI $82,548
R. Term 5.2
Ownership Fee Simple
Rent/SF $9.07
Increases 10.0%/5/yrs
Pop 5Mi 18,058
Lot/AC 2.40
Options 5/5yrs/10%
AHHI 5Mi $112,974

Lease Highlights

  • Dollar General has 5+ 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 located on Brownsboro Road, with access to 7,500 vehicles passing by daily. The property is further enhanced by the absence of immediate competition, as Dollar General serves as the sole general merchandise retailer in Gurley, Alabama. The 5-mile trade area is supported by a population of 18,058 residents with an average household income of $112,974. Gurley is a...

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Maps

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  • 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 : 1,570 5,837 21,246
2024 Total Population : 1,542 5,831 20,679
2024 Employed Civilian Pop : 922 3,235 11,607
2024 Total Businesses : 12 68 258
2024 Average Household Income : $ 136,918 $ 128,796 $ 141,878
2024 Total Consumer Spending : $ 68 M $ 263 M $ 974 M
2024 Median Age : 40 41 41
2024 Total Households : 578 2,361 7,963
2024 Pop Age 25+: Bachelor's Degree : 271 961 4,120
2024 Average Home Value : $ 379,151 $ 361,243 $ 366,958
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hurricane Creek Rd Gurley Pike 2018 2,754 0.32 mi
Ryland Pike Kilpatrick Dr 2017 4,250 0.38 mi
Hurricane Creek Road Gurley Pike 2020 2,632 0.41 mi
Hurricane Creek Road Shallowhill Rd 2021 2,632 0.41 mi
Gurley Pike Strong Ln 2020 1,167 0.64 mi
Gurley Pike Peyton Rd 2021 1,167 0.64 mi
Brock Road Day Dr 2021 2,506 1.15 mi
Brock Rd Stone Dr 2017 2,470 1.27 mi
Moontown Road Ryland Pike 2020 1,257 1.55 mi
Moontown Road Morring Rd 2021 1,257 1.55 mi

Listing Broker

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