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Views: 145 DOM: 312 Updated: 10.15.24 Posted: 02.13.24 Status: Active 02.13.24

Summary

Price $2,197,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 8,313
Lease Start 04-28-2023
#Units 19,986
Price/SF $264.28
Expiration 04-30-2038
Tenant Type Dollar/Discount
NOI $139,500
R. Term 13.4
Ownership Fee Simple
Rent/SF $16.78
Increases 10.0%/14/yrs
Pop 5Mi 257,088
Lot/AC 1.00
Options 3/5yrs/10%
AHHI 5Mi $99,744

Lease Highlights

  • 2023 Construction with high quality materials, distinct design elements & high-level finishes
  • Dollar General has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases 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 Chambers Street, with access to 12,200 vehicles passing by daily. Surrounding area national retailers include Taco Bell, Dunkin' Donuts, Advanced Auto Parts, Walgreens, Chase Bank, and more. Nearby residential complexes include Barclay Villager Apartments, Hillcrest Apartments, Hamilton Township Apartments, and more. Additionally, the site is 1.2...

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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 : 42,643 137,427 255,395
2023 Total Population : 43,256 138,476 257,088
2023 Employed Civilian Pop : 21,339 65,001 123,654
2023 Total Businesses : 648 4,175 7,787
2023 Average Household Income : $ 78,292 $ 80,642 $ 99,744
2023 Total Consumer Spending : $ 898 M $ 3455 M $ 8011 M
2023 Median Age : 34 37 39
2023 Total Households : 13,138 49,198 93,496
2023 Pop Age 25+: Bachelor's Degree : 2,852 14,416 35,123
2023 Average Home Value : $ 210,606 $ 266,910 $ 311,284
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Chambers St E Brown St 2009 9,774 0.11 mi
Cedar Lane 2018 5,610 0.14 mi
Cedar Ln Leroy Aly 2011 5,089 0.18 mi
S Clinton Ave Stanton St 2011 4,432 0.26 mi
Chambers St Samuel St 2009 8,720 0.26 mi
Cedar Ln Kuhn Aly 2010 4,631 0.26 mi
Berg Ave Lily St 2012 805 0.30 mi
S Clinton Ave Samuel St 2009 3,282 0.31 mi
S. Broad Street 2018 13,047 0.32 mi
Liberty St McCabe Aly 2010 10,441 0.33 mi

Listing Broker

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