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Views: 114 Updated: 12.12.23 Posted: 09.06.23 Status: Inactive

Summary

Price $1,875,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 01-23-2023
#Units 19,294
Price/SF $176.22
Expiration 01-31-2038
Tenant Type Dollar/Discount
NOI $119,988
R. Term 13.1
Ownership Fee Simple
Rent/SF $11.28
Increases 10.0%/15/yrs
Pop 5Mi 5,370
Lot/AC 2.27
Options 5/5yrs/10%
AHHI 5Mi $71,052

Lease Highlights

  • Brand new 2023 construction
  • Dollar General recently signed a brand-new 15-year lease with 5 (5-year) options to extend
  • Lease features a 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

This newly constructed 10,640 square foot Dollar General is situated on a 2.27 acre parcel along Central Plank Road seeing 3,915 vehicles per day. The site is situated in a rural residential area providing a direct consumer base and benefits from limited competition. Over 5,300 residents earning an average annual income of $71,052 support the 5-mile trade area. Wetumpka is a city in and the...

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Maps

  • 1 Mile
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  • 5 Miles

Tenant

  • Tenant: Dollar General
  • 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 : 88 2,078 5,860
2023 Total Population : 82 1,978 5,592
2023 Employed Civilian Pop : 31 660 2,229
2023 Total Businesses : 1 17 92
2023 Average Household Income : $ 57,784 $ 67,892 $ 74,208
2023 Total Consumer Spending : $ 1 M $ 47 M $ 145 M
2023 Median Age : 43 43 43
2023 Total Households : 32 799 2,242
2023 Pop Age 25+: Bachelor's Degree : 1 184 559
2023 Average Home Value : $ 130,556 $ 273,149 $ 269,375
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Central Road Whipporwill Rd 2021 2,048 0.60 mi
Central Plank Rd Boswell Rd 2009 4,180 1.14 mi
Central Plank Road Green Acre Trl 2020 3,965 1.33 mi
Central Plank Road Runyon Ln 2021 3,965 1.33 mi
West Central Road Mount Zion Rd 2021 827 1.41 mi
Mount Hebron Road Lake Point Rd 2021 885 1.55 mi
Central Plank Road Boswell Rd 2014 3,890 1.62 mi
Bradley Road Balm Ct 2014 850 2.01 mi
Little Steel Bridge Road Butler Mill Rd 2021 588 2.49 mi
Balm Road 2021 453 2.73 mi

Listing Broker

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