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Views: 84 DOM: 178 Updated: 10.30.24 Posted: 06.08.24 Status: Active

Summary

Price $1,284,286
Built/Renov 2020
Tenant Dollar General
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 03-31-2020
#Units 19,986
Price/SF $141.13
Expiration 03-31-2035
Tenant Type Dollar/Discount
NOI $89,900
R. Term 10.4
Ownership Fee Simple
Rent/SF $9.88
Increases 10.0%/11/yrs
Pop 5Mi 2,351
Lot/AC 1.00
Options 5/5yrs/10%
AHHI 5Mi $69,174

Lease Highlights

  • Dollar General has 10+ years remaining on the current lease term with 5 (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 at the hard corner intersection of Highway 2 and Oneida Street, with access to a combined daily ttraffic count of 6,513 vehicles. The property is surrounded by well-known national retailers including Subway, NAPA, Family Dollar, and more. The 5-mile trade area is supported by a population of 2,351 residents with an average household income of 69,174....

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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 : 660 1,347 1,921
2024 Total Population : 658 1,344 1,922
2024 Employed Civilian Pop : 263 541 787
2024 Total Businesses : 74 100 125
2024 Average Household Income : $ 88,919 $ 88,992 $ 89,167
2024 Total Consumer Spending : $ 25 M $ 52 M $ 74 M
2024 Median Age : 58 58 57
2024 Total Households : 324 650 925
2024 Pop Age 25+: Bachelor's Degree : 86 180 266
2024 Average Home Value : $ 342,358 $ 341,466 $ 338,292
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mill St S Bohn St 2015 5,600 0.15 mi
US Hwy 2 Civic Center Dr 2015 4,700 0.16 mi
Oneida St Moon Dr 2009 1,600 0.29 mi
Co Hwy A Quarter Mile Rd 2009 1,200 0.57 mi
Co Hwy A W Gravel Pit Rd 2009 850 0.80 mi
US Hwy 2 Orlowski Rd 2015 4,900 1.24 mi
Co Hwy A Hoffren Rd 2003 1,300 1.63 mi
US Hwy 2 Airport Rd 2015 4,600 2.17 mi

Listing Broker

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