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Views: 243 DOM: 194 Updated: 10.30.24 Posted: 06.10.24 Status: Active

Summary

Price $2,222,760
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 08-15-2024
#Units 19,986
Price/SF $210.37
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $144,479
R. Term 14.8
Ownership Fee Simple
Rent/SF $13.67
Increases 5.0%/5/yrs
Pop 5Mi 61,649
Lot/AC 1.48
Options 5/5yrs/5%
AHHI 5Mi $78,755

Lease Highlights

  • 2024 BTS Plus size construction | Upgraded architectural design
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of Camby Road and Kentucky Avenue which sees a combined count of 39,289 vehicles passing by daily. The property is adjacent to a shopping center with tenants such as Dunkin Donuts, Papa John's Pizza, Big Red Liquors, and more. Across the street is a Circle K, and residential homes surround the site....

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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
2029 Total Population : 4,883 27,294 70,136
2024 Total Population : 4,508 25,723 67,301
2024 Employed Civilian Pop : 2,672 14,861 36,326
2024 Total Businesses : 49 483 1,886
2024 Average Household Income : $ 92,858 $ 95,367 $ 93,938
2024 Total Consumer Spending : $ 126 M $ 756 M $ 2123 M
2024 Median Age : 33 35 36
2024 Total Households : 1,544 9,024 25,668
2024 Pop Age 25+: Bachelor's Degree : 674 3,249 8,213
2024 Average Home Value : $ 306,435 $ 249,952 $ 247,766
*ESRI data is presented for informational purposes only

Listing Broker

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