Dollar General

1030 Congress Parkway, Athens, TN 37303

$1,495,000

Cap Rate 6.36%

$1,585,000

Cap Rate 6.00%

Views: 88 DOM: 136 Updated: 12.20.23 Posted: 07.01.23 Status: Sold 11.14.23

Summary

Price $1,495,000 $1,585,000	Built/Renov 2018	Tenant Dollar General
Cap Rate 6.36% 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,172	Lease Start 03-25-2018	#Units 19,294
Price/SF $163.00 $172.81	Expiration 03-31-2033	Tenant Type Dollar/Discount
NOI $95,025	R. Term 8.2	Ownership Fee Simple
Rent/SF $10.36	Increases 10.0%/5/yrs	Pop 5Mi 21,402
Lot/AC 2.64	Options 4/5yrs/10%	AHHI 5Mi $61,043

Lease Highlights

Dollar General has over 9 years remaining on the current lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

Dollar General is strategically located along Congress Parkway North, a major thoroughfare of Athens. The site is strategically located with neighboring national/credit tenants including Aldi, McDonald’s, Lowe’s, KFC, Arby’s and many others. The 5-mile trade area is supported by 21,402 residents earning an average annual income of $61,043. Athens is the county seat of McMinn County and the...

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Key Features

Build to suit
Oversized lot
Major thoroughfare
Near major nationals
Highway location
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Dollar General Wikipedia Dollar General Wikipedia Athens, Tennessee Zip Code 37303 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
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 :	3,403	15,442	22,412
2023 Total Population :	3,480	15,758	22,573
2023 Employed Civilian Pop :	917	5,617	8,455
2023 Total Businesses :	276	947	1,035
2023 Average Household Income :	$ 37,392	$ 61,650	$ 68,420
2023 Total Consumer Spending :	$ 48 M	$ 354 M	$ 550 M
2023 Median Age :	42	42	43
2023 Total Households :	1,456	6,482	9,105
2023 Pop Age 25+: Bachelor's Degree :	143	1,792	2,531
2023 Average Home Value :	$ 157,205	$ 213,775	$ 220,000

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Congress Parkway Northwest	Tellico Ave	2022	14,065	0.13 mi
Lee Hwy	Burnsbrooke Dr	2003	15,760	0.14 mi
Tellico Avenue	Sliger St	2022	2,876	0.25 mi
Dupit Street	Decatur Pike	2022	2,429	0.28 mi
VELMA RD.	George St	2021	1,028	0.37 mi
Velma Road	Sullins Rd	2022	2,823	0.43 mi
Decatur Pike	Haley St	2022	20,763	0.48 mi
TELLICO AVE.	Cumberland Ave	2021	2,305	0.66 mi
Maple Street	Elliott St	2022	4,700	0.68 mi
Richardson Street	Oak St	2022	545	0.68 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
19036 Views
63 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
18575 Views
65 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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