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Views: 142 DOM: 271 Updated: 11.26.24 Posted: 03.25.24 Status: Active

Summary

Price $1,436,200
Built/Renov 2009
Tenant Dollar General
Cap Rate 8.05%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 03-31-2010
#Units 19,986
Price/SF $115.08
Expiration 03-31-2030
Tenant Type Dollar/Discount
NOI $115,616
R. Term 5.3
Ownership Fee Simple
Rent/SF $9.26
Increases 5.0%/1/yrs
Pop 5Mi 8,702
Lot/AC 1.45
Options 4/5yrs/5%
AHHI 5Mi $73,489

Lease Highlights

  • Dollar General recently extended its current lease term | 6 years remain with 4 (5-year) options to extend
  • The lease features a 5% rental increase in 2025 & Option 1 | 10% rental increase in Options 2-4
  • Upgraded Brick construction
  • Corporate guaranteed lease (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically situated on E Oglethorpe Highway, with access to 10,600 vehicles passing by daily. The property enjoys a prime location surrounded by well-known national tenants such as O’Reilly Auto Parts, Family Dollar, USPS, and more. Furthermore, Live Oak Villas, a 60-unit apartment complex, is conveniently positioned less than half a mile away. The 5-mile trade area is...

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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 : 944 4,503 8,603
2023 Total Population : 989 4,580 8,702
2023 Employed Civilian Pop : 384 1,831 3,494
2023 Total Businesses : 46 117 171
2023 Average Household Income : $ 68,432 $ 72,772 $ 73,489
2023 Total Consumer Spending : $ 23 M $ 112 M $ 217 M
2023 Median Age : 40 41 42
2023 Total Households : 396 1,768 3,351
2023 Pop Age 25+: Bachelor's Degree : 64 366 721
2023 Average Home Value : $ 201,476 $ 204,373 $ 208,490
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Oglethorpe Highway Butler St 2019 11,100 0.50 mi
Ocean Hwy Martin Rd 2005 6,700 0.94 mi
Ocean Hwy Live Oak Ln 2005 5,450 1.06 mi
Ocean Highway Medway Dr 2018 5,570 1.25 mi
Ocean Highway Medway Dr 2019 5,740 1.25 mi
E Oglethorpe Hwy Clancey Ln 2005 8,180 1.60 mi
East Oglethorpe Highway Dasher Rd 2018 9,650 1.82 mi
East Oglethorpe Highway Dasher Rd 2019 8,740 1.82 mi
Charlie Butler Rd Young Miller Ave 2005 310 1.91 mi
East Oglethorpe Highway Charlie Butler Rd 2019 7,830 2.18 mi

Listing Broker

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