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Views: 57 DOM: 79 Updated: 08.07.24 Posted: 06.21.24 Status: Active

Summary

Price $1,334,244
Built/Renov 2020
Tenant Dollar General
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 08-23-2020
#Units 19,986
Price/SF $147.82
Expiration 08-31-2035
Tenant Type Dollar/Discount
NOI $82,056
R. Term 10.12
Ownership Fee Simple
Rent/SF $9.09
Increases 0.0%/0/yrs
Pop 5Mi 2,161
Lot/AC 1.37
Options 5/5yrs
AHHI 5Mi $71,184

Lease Highlights

  • Dollar General has 11+ years remaining on the current lease term with 5 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of East Priddy Street and South Reveille Street, with access to a combined daily traffic count of 3,426 vehicles. The property is surrounded by well-known national tenants including Phillips 66, True Value, First Western, and more. Key community educational institutions in the vicinity include JD Leftwich High...

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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
  • 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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Listing Broker

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