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Views: 161 DOM: 203 Updated: 10.31.24 Posted: 05.14.24 Status: Active

Summary

Price $1,925,000
Built/Renov 2019
Tenant Dollar General
Cap Rate 5.17%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 10-01-2019
#Units 19,986
Price/SF $211.54
Expiration 10-01-2034
Tenant Type Dollar/Discount
NOI $99,600
R. Term 9.10
Ownership Fee Simple
Rent/SF $10.95
Increases 10.0%/10/yrs
Pop 5Mi 3,828
Lot/AC 2.83
Options 4/5yrs/10%
AHHI 5Mi $47,968

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on SW Dermont Road, situated adjacent to Carr Elementary High School. The property is in proximity to well-known national tenants including Subway, McDonald's, Burger King, Pizza Hut, Family Dollar, and more. The 5-mile trade area is supported by a population of 3,828 residents with an average household income of $47,968. Clarksville is an unincorporated...

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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 : 142 831 1,548
2024 Total Population : 135 800 1,511
2024 Employed Civilian Pop : 64 353 627
2024 Total Businesses : 6 14 33
2024 Average Household Income : $ 64,285 $ 62,845 $ 64,516
2024 Total Consumer Spending : $ 3 M $ 19 M $ 38 M
2024 Median Age : 49 49 47
2024 Total Households : 59 344 646
2024 Pop Age 25+: Bachelor's Degree : 2 20 56
2024 Average Home Value : $ 159,694 $ 179,914 $ 184,769
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 20 J Frank Dr 2005 4,300 0.12 mi
NW Drwa0007 2022 6,600 0.13 mi
Demont Rd Hwy 73 2005 900 0.22 mi
State Hwy 73 NW Drwa 06 2005 1,900 0.22 mi
NW Drwa 754 2022 6,600 1.08 mi
NW Co Rd 275 Hwy 20 2005 600 2.14 mi
Co Rd 275 Silas Green Rd 2005 500 2.23 mi
State Hwy 287 NW Prowant Ln 2005 500 2.25 mi
State Hwy 20 NW Co Rd 275 2005 4,600 2.52 mi

Listing Broker

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