loader
Join Free
Views: 119 Updated: 03.27.24 Posted: 08.15.23 Status: Inactive 03.27.24

Summary

Price $2,061,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 09-01-2023
#Units 19,294
Price/SF $193.70
Expiration 09-01-2038
Tenant Type Dollar/Discount
NOI $128,843
R. Term 13.8
Ownership Fee Simple
Rent/SF $12.11
Increases 10.0%/15/yrs
Pop 5Mi 17,167
Lot/AC 2.18
Options 5/5yrs/10%
AHHI 5Mi $98,229

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 Dollar General is strategically located along Highway 460 (Cox Road) seeing 16,000 vehicles per day. The site is directly across from a 3 million+ SF Walmart Distribution Center with over 1,500 employees, providing a direct consumer base for the site to draw from. Neighboring national/credit tenants in the area include Subway, Aldi, McDonalds, O’Reilly Auto Parts, Taco...

...

Maps

  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 467 2,897 13,053
2023 Total Population : 458 2,846 12,893
2023 Employed Civilian Pop : 213 1,332 6,090
2023 Total Businesses : 7 54 213
2023 Average Household Income : $ 122,870 $ 114,491 $ 101,951
2023 Total Consumer Spending : $ 21 M $ 114 M $ 435 M
2023 Median Age : 49 47 41
2023 Total Households : 203 1,171 4,969
2023 Pop Age 25+: Bachelor's Degree : 45 306 1,201
2023 Average Home Value : $ 339,062 $ 352,420 $ 293,381
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
New Cox Road Claiborne Rd 2018 13,000 0.10 mi
Cox Rd Claiborne Rd 2016 13,000 0.10 mi
New Cox Road Hart Rd 2018 13,000 0.12 mi
Cox Rd Hart Rd 2016 13,000 0.12 mi
R-VA026SC01506EB Whisper Dr 2020 160 0.30 mi
Hart Road Kelsey Ln 2020 860 0.35 mi
Namozine Road Audrey Ln 2021 1,800 0.36 mi
Namozine Road Audrey Ln 2020 1,700 0.36 mi
Claiborne Road Harris Dr 2021 640 0.39 mi
Cox Rd Rocky Branch Rd 2016 9,900 0.40 mi

Listing Broker

Loading...
Kyle Fant

SRS National Net Lease Group

Contact
  • 98 Listings
  • 12241 Views
  • 32 Sold
Britt Raymond

SRS National Net Lease Group

Contact
  • 108 Listings
  • 13003 Views
  • 40 Sold

Kyle joined SRS in 2017 along with his partner Britt Raymond to spearhead the New York City office for the National Net Lease Group and accelerate growth across the east coast. Kyle has over eight years of experience in investment sales of net lease retail, medical, and industrial properties across the country. Kyle spent the first three years of his career in Marcus & Millichap’s flagship Manhattan office where he was able to work and learn from some of the firm’s top transactional brokera

...

Britt Raymond is a Managing Director and Market Leader of New York Capital Market. Britt spearheads efforts to grow SRS’s presence across the northeast. She also advises owners of net lease assets and anchored shopping centers nationwide to buy, acquire, or finance. She also provides 1031 Tax Deferred Exchange advisory. She has closed over $2.75 billion in commercial real estate transactions in her career. Britt Raymond joined SRS in 2017 with eight years of commercial real estate experience. S

...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity
BESbswy
BESbswy
BESbswy