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Views: 128 DOM: 201 Updated: 09.15.24 Posted: 06.08.24 Status: Active

Summary

Price $544,500
Built/Renov 2007
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 05-01-2007
#Units 19,986
Price/SF $60.41
Expiration 03-31-2034
Tenant Type Dollar/Discount
NOI $43,560
R. Term 9.3
Ownership Fee Simple
Rent/SF $4.83
Increases 10.0%/9/yrs
Pop 5Mi 8,937
Lot/AC 0.93
Options 4/5yrs/10%
AHHI 5Mi $65,614

Lease Highlights

  • Dollar General has been operating in this location since 2007
  • The tenant recently extended lease and has 9+ years remaining with 4 (5-year) options 
  • The lease features 10% rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on E Broad Street, with access to 10,333 vehicles passing by daily. The immediate vicinity is surrounded by well-known national retailers including Pizza Hut, Burger King, McDonald's, Kroger, O'Reilly's, and more. The 5-mile trade area is supported by a population of 8,937 residents with an average household income of $65,614. Jonesboro is a city in...

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Maps

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  • 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 : 2,809 7,067 8,664
2024 Total Population : 2,944 7,387 9,035
2024 Employed Civilian Pop : 1,166 2,805 3,522
2024 Total Businesses : 154 416 438
2024 Average Household Income : $ 66,396 $ 69,261 $ 75,462
2024 Total Consumer Spending : $ 80 M $ 190 M $ 251 M
2024 Median Age : 44 43 44
2024 Total Households : 1,325 3,008 3,667
2024 Pop Age 25+: Bachelor's Degree : 360 845 1,014
2024 Average Home Value : $ 165,805 $ 177,235 $ 188,729
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Service Dr N Jasper St 2005 550 0.03 mi
State Route 146 Service Dr 2005 11,100 0.06 mi
E Heacock St Brown St 2005 1,700 0.10 mi
State Route 146 Frontage Rd 2005 11,100 0.11 mi
State Route 146 Service Dr 2005 11,100 0.12 mi
State Route 146 Service Dr 2005 11,100 0.18 mi
E Heacock St N J St 2005 1,250 0.25 mi
State Route 146 Pecan St 2005 11,100 0.29 mi
State Route 146 S Main St 2005 11,100 0.31 mi
S Main St State Rte146 2005 1,700 0.32 mi

Listing Broker

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