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Views: 186 DOM: 173 Updated: 10.29.24 Posted: 06.01.24 Status: Active

Summary

Price $2,141,600
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 05-25-2024
#Units 19,986
Price/SF $169.06
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $137,064
R. Term 14.6
Ownership Fee Simple
Rent/SF $10.82
Increases 5.0%/5/yrs
Pop 5Mi 2,577
Lot/AC 0.00
Options 5/5yrs/5%
AHHI 5Mi $72,232

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 15-year lease with 5 (5-year) options to extend
  • 5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Greers Ferry Road, just northeast of the main retail corridor. The property is conveniently positioned on the northern side of Greers Ferry Lake, catering to both local residents and the thousands of tourists who visit the popular lake during peak seasons. Additionally, the immediate area boasts well-known national tenants such as Family...

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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 : 198 1,163 2,517
2024 Total Population : 196 1,152 2,499
2024 Employed Civilian Pop : 75 435 929
2024 Total Businesses : 4 56 138
2024 Average Household Income : $ 72,919 $ 73,555 $ 76,834
2024 Total Consumer Spending : $ 5 M $ 34 M $ 80 M
2024 Median Age : 54 54 56
2024 Total Households : 81 514 1,167
2024 Pop Age 25+: Bachelor's Degree : 20 105 195
2024 Average Home Value : $ 300,000 $ 311,885 $ 304,843
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sunny Slope Road Greers Ferry Rd 2021 1,300 0.26 mi
Greers Ferry Road Section Line Rd 2021 4,500 1.95 mi
Greers Ferry Road Brown Rd 2021 2,900 2.66 mi
Edgemont Road Greers Ferry Rd 2021 3,700 2.98 mi

Listing Broker

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