loader
Join Free
Views: 186 DOM: 499 Updated: 11.14.24 Posted: 08.10.23 Status: Contract 05.11.24

Summary

Price $1,414,000
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-01-2022
#Units 19,986
Price/SF $132.89
Expiration 07-31-2037
Tenant Type Dollar/Discount
NOI $102,513
R. Term 12.7
Ownership Fee Simple
Rent/SF $9.63
Increases 10.0%/14/yrs
Pop 5Mi 21,547
Lot/AC 2.07
Options 3/5yrs/10%
AHHI 5Mi $74,511

Lease Highlights

  • 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
  • This location features Dollar General’s newest prototype
  • Tenant signed a new 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed by Dollar General Corporation (NYSE: DG)

Location Description

This newly constructed Dollar General is positioned along Front Street/SR 1056 with access to 4,200 vehicles passing by daily. The subject property is located near Athens Area High School (700 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by 21,547 residents earning an average annual household income of $74,511. Athens is a borough in...

...

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 : 704 12,507 21,490
2023 Total Population : 701 12,508 21,711
2023 Employed Civilian Pop : 328 5,804 9,946
2023 Total Businesses : 20 526 789
2023 Average Household Income : $ 78,714 $ 72,943 $ 76,392
2023 Total Consumer Spending : $ 19 M $ 356 M $ 636 M
2023 Median Age : 47 44 44
2023 Total Households : 285 5,573 9,477
2023 Pop Age 25+: Bachelor's Degree : 88 1,451 2,325
2023 Average Home Value : $ 166,150 $ 167,323 $ 176,907
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Front St Eaglewood Dr 2017 2,813 0.06 mi
Glen Valley Rd State Hwy1060 2017 917 0.26 mi
Glen Valley Rd 2021 789 0.37 mi
Sheshequin Rd Orange Hill Rd 2019 1,707 0.38 mi
Sheshequin Rd Riverside Dr 2021 1,735 0.46 mi
Front St Miller Rd 2017 2,813 0.47 mi
Front St Glen Valley Rd 2017 4,110 0.54 mi
Riverside Dr Horton Ln 2016 1,354 0.58 mi
Riverside Drive Horton Ln 2019 1,345 0.59 mi
Glen Valley Rd Front St 2017 917 0.65 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