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Views: 66 DOM: 120 Updated: 11.04.24 Posted: 08.23.24 Status: Active

Summary

Price $1,826,030
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 11-01-2024
#Units 19,986
Price/SF $200.66
Expiration 10-31-2039
Tenant Type Dollar/Discount
NOI $125,996
R. Term 14.10
Ownership Fee Simple
Rent/SF $13.85
Increases 5.0%/5/yrs
Pop 5Mi 3,451
Lot/AC 1.50
Options 5/5yrs/5%
AHHI 5Mi $80,782

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • 5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on E Forest Home Street, with access to 1,800 vehicles passing by daily. The property serves as the only dollar store in the community, with the nearest competitor 9 miles away. The 5-mile trade area supports a population of 3,451 residents with an average household income of $80,782. Roachdale is a town in Franklin and Jackson townships, Putnam County,...

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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 supplies,...


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Listing Broker

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