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Views: 87 DOM: 153 Updated: 10.06.24 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 10.9
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 10+ years remaining on the current lease term with 5 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

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

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 805 1,434 2,322
2024 Total Population : 781 1,397 2,273
2024 Employed Civilian Pop : 334 578 889
2024 Total Businesses : 32 38 50
2024 Average Household Income : $ 71,784 $ 71,794 $ 71,271
2024 Total Consumer Spending : $ 19 M $ 35 M $ 57 M
2024 Median Age : 45 45 45
2024 Total Households : 292 551 888
2024 Pop Age 25+: Bachelor's Degree : 69 115 162
2024 Average Home Value : $ 218,488 $ 225,482 $ 225,674
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Priddy Street N Reville St 2021 3,600 0.03 mi
AR 109 S Reville St 2021 520 0.49 mi
AR 10 Thomas Rd 2021 3,900 1.77 mi
AR 109 Cotton Rd 2021 1,500 1.99 mi
N State Hwy 109 Turkey Ridge Rd 2017 1,600 2.79 mi

Listing Broker

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