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Views: 99 Updated: 09.20.24 Posted: 06.12.24 Status: Inactive 10.07.24

Summary

Price $2,272,241
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 09-01-2024
#Units 19,986
Price/SF $182.07
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $151,104
R. Term 14.8
Ownership Fee Simple
Rent/SF $12.11
Increases 5.0%/5/yrs
Pop 5Mi 47,163
Lot/AC 3.47
Options 5/5yrs/5%
AHHI 5Mi $59,625

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 and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the intersection of Genesee Road and Stanley Road, with access to a combined daily traffic count of 14,300 vehicles. The property is in proximity to Hass Elementary School, Genesee High School, and other local amenities. The immediate area is surrounded by well-known national tenants, including McDonald's, Family Dollar, Rite Aid, Anytime...

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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 : 2,318 12,647 46,063
2024 Total Population : 2,329 12,641 46,906
2024 Employed Civilian Pop : 983 5,043 17,605
2024 Total Businesses : 56 199 887
2024 Average Household Income : $ 85,084 $ 75,069 $ 64,464
2024 Total Consumer Spending : $ 71 M $ 346 M $ 1111 M
2024 Median Age : 45 44 40
2024 Total Households : 928 5,141 19,138
2024 Pop Age 25+: Bachelor's Degree : 155 923 2,915
2024 Average Home Value : $ 150,139 $ 176,444 $ 161,169
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Genesee Rd E Stanley Rd 2000 13,624 0.22 mi
N Genesee Rd Lois Ln 2000 13,087 0.34 mi
E Stanley Rd Stanley 2000 4,068 0.47 mi
Oxbow Ln 2022 1,391 0.60 mi
N Genesee Rd Oxbow Ln 2021 1,404 0.60 mi
North Genesee Road Indian Hills Trl 2022 7,140 0.63 mi
N Genesee Rd Indian Hills Trl 2000 13,742 0.76 mi
Mt. Morris Roger Thomas Dr 2020 5,390 0.83 mi
East Mount Morris Road Roger Thomas Dr 2022 6,905 0.84 mi
N Belsay Rd 2022 182 0.95 mi

Listing Broker

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