loader
Join Free
Views: 81 Updated: 10.29.24 Posted: 06.25.24 Status: Inactive 10.29.24

Summary

Price $2,151,134
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-09-2024
#Units 19,986
Price/SF $203.59
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $144,126
R. Term 14.2
Ownership Fee Simple
Rent/SF $13.64
Increases 5.0%/5/yrs
Pop 5Mi 15,910
Lot/AC 1.13
Options 5/5yrs/5%
AHHI 5Mi $66,644

Lease Highlights

  • New 2023 construction
  • Dollar General has 14+ years remaining on the current lease term 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 is strategically located at the signalized, hard corner intersection of 144A and Elm Street, with access to 4,093 vehicles passing by daily. The property is further enhanced by being the only dollar store serving the community. The immediate area is surrounded by well-known national tenants, including AutoZone, 7-Eleven, Walgreens, Sherwin-Williams, and more. The 5-mile trade...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • 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,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,257 14,118 16,104
2024 Total Population : 1,233 14,111 16,084
2024 Employed Civilian Pop : 647 7,006 8,077
2024 Total Businesses : 33 718 803
2024 Average Household Income : $ 83,810 $ 75,233 $ 76,246
2024 Total Consumer Spending : $ 31 M $ 336 M $ 383 M
2024 Median Age : 39 35 35
2024 Total Households : 426 5,043 5,684
2024 Pop Age 25+: Bachelor's Degree : 42 1,044 1,255
2024 Average Home Value : $ 383,865 $ 337,903 $ 351,033
*ESRI data is presented for informational purposes only

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