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Views: 123 DOM: 211 Updated: 08.31.24 Posted: 04.24.24 Status: Active

Summary

Price $2,083,000
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 02-01-2024
#Units 19,986
Price/SF $166.91
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $140,604
R. Term 14.2
Ownership Fee Simple
Rent/SF $11.27
Increases 5.0%/5/yrs
Pop 5Mi 6,661
Lot/AC 1.80
Options 5/5yrs/5%
AHHI 5Mi $83,472

Lease Highlights

  • Brand new 2023 construction
  • Dollar General Market recently executed a brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the hard-corner intersection of Autry Highway and E Williams Street, with access to a combined daily traffic count of 8,500 vehicles. Autryville Highway serves as a main commuter corridor to Fayetteville, NC, from Clinton, NC, providing full access with a dedicated left turn lane located on Autry Highway. Furthermore, the property is enhanced...

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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
2028 Total Population : 325 2,208 6,662
2023 Total Population : 325 2,216 6,661
2023 Employed Civilian Pop : 149 949 3,067
2023 Total Businesses : 12 43 134
2023 Average Household Income : $ 76,537 $ 79,425 $ 83,472
2023 Total Consumer Spending : $ 8 M $ 65 M $ 201 M
2023 Median Age : 42 42 43
2023 Total Households : 127 924 2,730
2023 Pop Age 25+: Bachelor's Degree : 29 188 666
2023 Average Home Value : $ 129,612 $ 153,322 $ 179,489
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Clinton St 2021 112 0.04 mi
NC 24 N Still St 2020 350 0.11 mi
East Williams Street N Still St 2021 407 0.11 mi
North Gray Street W North St 2021 563 0.23 mi
South Gray Street W Railroad St 2021 827 0.23 mi
W Williams St S Mill St 2004 8,500 0.28 mi
NC 24 Autry Hwy 2021 9,390 0.50 mi
NC 24 N West St 2021 10,576 0.51 mi
NC 24 Business Autry Hwy 2021 343 0.55 mi
Hollow Bridge Rd Ava Rd 2018 650 0.63 mi

Listing Broker

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