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Views: 85 DOM: 195 Updated: 10.04.24 Posted: 06.10.24 Status: Contract 10.04.24

Summary

Price $2,466,182
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 06-03-2024
#Units 19,986
Price/SF $197.61
Expiration 06-30-2039
Tenant Type Dollar/Discount
NOI $162,768
R. Term 14.6
Ownership Fee Simple
Rent/SF $13.04
Increases 5.0%/5/yrs
Pop 5Mi 3,895
Lot/AC 3.21
Options 5/5yrs/5%
AHHI 5Mi $68,111

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term an 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 Fair Play Hill and US 80, a main thoroughfare, with access to a combined daily traffic count of 6,642 vehicles. The 5-mile trade area is supported by a population of 3,895 residents with an average household income of $68,111. Musella is an unincorporated community and census-designated place in Crawford County,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • 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,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 473 2,230 4,022
2024 Total Population : 462 2,219 4,020
2024 Employed Civilian Pop : 201 838 1,549
2024 Total Businesses : 80 132 149
2024 Average Household Income : $ 73,926 $ 66,977 $ 70,847
2024 Total Consumer Spending : $ 12 M $ 55 M $ 102 M
2024 Median Age : 46 47 46
2024 Total Households : 186 906 1,604
2024 Pop Age 25+: Bachelor's Degree : 28 131 231
2024 Average Home Value : $ 311,348 $ 265,354 $ 254,350
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Agency Street Hortman Mill Rd 2019 1,720 0.20 mi
E Crusselle St Lowe Rd 2005 6,940 0.44 mi
East Agency Street Kirby Ave 2019 2,090 0.45 mi
East Crusselle Street Crusselle Trl Park 2019 4,790 0.62 mi
E Agency St Hicks Rd 2005 1,780 0.72 mi
E Crusselle St McCrary Ave 2005 6,860 0.76 mi
East Crusselle Street State Hwy42 2019 3,600 0.85 mi
South Dugger Avenue N Dugger Ave 2019 5,760 0.91 mi
US 411 W Lake St 2019 3,960 0.96 mi
South Dugger Avenue W Agency St 2019 3,390 1.00 mi

Listing Broker

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