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Views: 112 Updated: 10.29.24 Posted: 06.10.24 Status: Inactive 10.29.24

Summary

Price $1,589,471
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 11-03-2023
#Units 19,986
Price/SF $150.43
Expiration 11-30-2038
Tenant Type Dollar/Discount
NOI $108,084
R. Term 13.11
Ownership Fee Simple
Rent/SF $10.23
Increases 10.0%/14/yrs
Pop 5Mi 2,136
Lot/AC 1.51
Options 5/5yrs/10%
AHHI 5Mi $92,056

Lease Highlights

  • 2023 BTS construction | Upgraded brick storefront
  • Dollar General has 14+ 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 | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of E340 Rd & Highway 169, with access to a combined daily traffic count of 6,613 vehicles. The property benefits from limited competition, being the only dollar store serving the community. The 5-mile trade area is supported by a population of 2,136 residents with an average household income of $92,056. Talala is a town in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 360 735 2,640
2024 Total Population : 357 729 2,619
2024 Employed Civilian Pop : 173 358 1,309
2024 Total Businesses : 21 27 51
2024 Average Household Income : $ 82,755 $ 92,318 $ 102,488
2024 Total Consumer Spending : $ 8 M $ 21 M $ 88 M
2024 Median Age : 44 43 42
2024 Total Households : 122 261 982
2024 Pop Age 25+: Bachelor's Degree : 60 116 395
2024 Average Home Value : $ 305,147 $ 336,290 $ 369,195
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CR E0340 Dikeman Dr 2021 440 0.54 mi
CR S4100 Willow St 2021 140 0.54 mi
US Hwy 169 E 330 Rd 2016 6,500 1.02 mi
E 320 Rd 2021 6,700 1.97 mi

Listing Broker

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