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Views: 20 DOM: 26 Updated: 09.16.24 Posted: 08.21.24 Status: Active 08.21.24

Summary

Price $1,686,957
Built/Renov 2020
Tenant Dollar General
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 07-27-2020
#Units 19,986
Price/SF $185.38
Expiration 07-31-2035
Tenant Type Dollar/Discount
NOI $97,000
R. Term 10.10
Ownership Fee Simple
Rent/SF $10.66
Increases 10.0%/5/yrs
Pop 5Mi 55,210
Lot/AC 2.09
Options 5/5yrs/10%
AHHI 5Mi $152,743

Lease Highlights

  • Dollar General has 10+ years remaining on the current lease term with 5 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of Central Avenue and Constance Boulevard Northeast with access to 33,000 vehicles per day. The site benefits from its location along a dense retail corridor with neighboring national/credit tenants including AutoZone, O’reilly Auto Parts, Target, Lowe’s, Walmart Supercenter and many more. Over 55,000 residents...

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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 : 1,387 14,945 57,148
2023 Total Population : 1,318 14,434 55,210
2023 Employed Civilian Pop : 639 7,657 30,246
2023 Total Businesses : 75 407 1,080
2023 Average Household Income : $ 128,398 $ 152,518 $ 152,743
2023 Total Consumer Spending : $ 56 M $ 650 M $ 2393 M
2023 Median Age : 44 42 39
2023 Total Households : 522 5,040 18,518
2023 Pop Age 25+: Bachelor's Degree : 156 2,554 10,481
2023 Average Home Value : $ 372,607 $ 428,455 $ 409,697
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
MN 65 Constance Blvd NE 2021 33,560 0.10 mi
Constance Blvd NE Aberdeen St NE 2017 4,800 0.10 mi
Constance Blvd NE Johnson St NE 2017 3,450 0.14 mi
Buchanan Street Northeast 165th Ave NE 2021 240 0.25 mi
Central Ave NE 159th Ave NE 2015 810 0.27 mi
Constance Blvd NE Davenport St 2019 4,750 0.30 mi
State Hwy 65 167th Ave NE 2010 30,000 0.47 mi
157th Ave NE Central Ave NE 2015 2,950 0.69 mi
157th Ave NE Central Ave NE 2015 2,450 0.69 mi
157th Avenue Northeast 4th St NE 2021 2,698 0.69 mi

Listing Broker

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