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Views: 112 DOM: 189 Updated: 11.08.24 Posted: 06.14.24 Status: Active

Summary

Price $1,395,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 01-14-2013
#Units 19,986
Price/SF $154.55
Expiration 01-31-2028
Tenant Type Dollar/Discount
NOI $102,504
R. Term 3.1
Ownership Fee Simple
Rent/SF $11.36
Increases 10.0%/4/yrs
Pop 5Mi 111,409
Lot/AC 1.20
Options 4/5yrs/10%
AHHI 5Mi $54,267

Lease Highlights

  • Dollar General has 3+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the intersection of 20th Street Ensley and Avenue I, with access to 17,500 vehicles passing by daily. Within 3 miles of the property, there are numerous educational institutions, including Birmingham-Southern College, Miles College, and Fairfield High School, which has an enrollment of 4,500 students. The immediate area is surrounded by well-known...

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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 : 6,057 48,751 110,153
2024 Total Population : 6,228 49,723 111,522
2024 Employed Civilian Pop : 2,405 19,881 47,421
2024 Total Businesses : 193 1,307 4,393
2024 Average Household Income : $ 44,613 $ 54,395 $ 58,282
2024 Total Consumer Spending : $ 110 M $ 990 M $ 2513 M
2024 Median Age : 43 42 41
2024 Total Households : 2,756 20,307 48,130
2024 Pop Age 25+: Bachelor's Degree : 380 4,206 11,493
2024 Average Home Value : $ 175,487 $ 200,922 $ 211,229
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
20th Street Ensley Ave P 2014 4,590 0.05 mi
19th Street Ave O 2021 1,791 0.19 mi
20th St Ave E Aly 2011 17,444 0.19 mi
Avenue E 34th St 2014 17,550 0.24 mi
Avenue E 22nd St 2021 2,283 0.26 mi
20th Street Ensley Ave P 2020 17,281 0.27 mi
25th Street Avenue E 2014 2,750 0.39 mi
Ave H 14th Aly 2012 856 0.43 mi
Avenue F Ave F 2019 3,494 0.45 mi
Avenue F 16th Aly 2021 3,316 0.45 mi

Listing Broker

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