loader
Join Free
Views: 121 DOM: 207 Updated: 08.06.24 Posted: 02.22.24 Status: Active

Summary

Price $1,573,000
Built/Renov 2020
Tenant Dollar General
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,300
Lease Start 10-05-2020
#Units 19,986
Price/SF $169.14
Expiration 10-05-2035
Tenant Type Dollar/Discount
NOI $94,380
R. Term 11.0
Ownership Fee Simple
Rent/SF $10.15
Increases 10.0%/11/yrs
Pop 5Mi 82,302
Lot/AC 2.07
Options 5/5yrs/10%
AHHI 5Mi $66,274

Lease Highlights

  • Dollar General has 11+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Elberta Road, with access to 11,786 vehicles passing by daily. National tenants in the vicinity include Chevron, Exxon, Walmart, and more. Additionally, the site is adjacent to Peachbelt Health and Rehabilitation Center and surrounded by Oakview Apartments, Stonehenge Apartments, among others. The 5-mile trade area is supported by a population of...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,132 39,923 78,942
2023 Total Population : 10,757 39,199 77,141
2023 Employed Civilian Pop : 3,971 15,293 32,107
2023 Total Businesses : 119 1,124 2,615
2023 Average Household Income : $ 51,930 $ 65,485 $ 75,958
2023 Total Consumer Spending : $ 191 M $ 890 M $ 2060 M
2023 Median Age : 34 36 36
2023 Total Households : 4,196 15,552 31,091
2023 Pop Age 25+: Bachelor's Degree : 373 3,520 7,632
2023 Average Home Value : $ 174,013 $ 229,676 $ 237,334
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Elberta Road Calhoun St 2019 6,590 0.35 mi
Madrid St Johns Rd 2005 850 0.48 mi
Ward Street Madrid St 2019 210 0.58 mi
North Houston Road 2019 7,620 0.66 mi
North Houston Road Greenbriar Rd 2018 7,710 0.66 mi
Wallace Drive Sewell Cir 2019 850 0.66 mi
Northside Drive Carolina Ave 2019 5,490 0.70 mi
N Houston Rd Bassford Dr 2016 7,720 0.71 mi
Madrid Street National Ave 2019 640 0.71 mi
Keith Drive Kevin Ct 2019 800 0.71 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity