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Views: 110 DOM: 163 Updated: 09.29.24 Posted: 06.13.24 Status: Active

Summary

Price $810,667
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,500
Lease Start 11-01-2015
#Units 19,986
Price/SF $108.09
Expiration 10-31-2030
Tenant Type Dollar/Discount
NOI $62,016
R. Term 5.11
Ownership Fee Simple
Rent/SF $8.27
Increases 10.0%/5/yrs
Pop 5Mi 1,407
Lot/AC 1.00
Options 5/5yrs/10%
AHHI 5Mi $65,687

Lease Highlights

  • Dollar General has 6+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of Hartley Street and U.S. Hwy 55, with access to a combined daily traffic count of 5,000 vehicles. The property is further enhanced by the absence of immediate competition, as Dollar General serves as the sole general merchandise retailer in McKenzie, Alabama. The 5-mile trade area is supported by a population of 1,407...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • 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 : 435 1,007 1,441
2024 Total Population : 443 1,034 1,485
2024 Employed Civilian Pop : 165 395 577
2024 Total Businesses : 16 19 27
2024 Average Household Income : $ 64,141 $ 68,843 $ 71,271
2024 Total Consumer Spending : $ 11 M $ 29 M $ 43 M
2024 Median Age : 45 46 47
2024 Total Households : 200 467 664
2024 Pop Age 25+: Bachelor's Degree : 14 43 71
2024 Average Home Value : $ 123,658 $ 129,520 $ 139,980
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Crum Foshee Highway Hartley St 2019 5,065 0.25 mi
Hartley Street Conecuh County 47 2021 363 0.33 mi
Crum Foshee Highway Faust Rd 2021 5,720 0.34 mi
South Garland Road Knight St 2021 607 0.72 mi
South Garland Road Co Hwy 55 2021 770 0.80 mi
South Garland Road S Garland Rd 2018 750 0.80 mi
South Garland Road United States Hwy 31 2021 625 1.01 mi
Brogden Road Wise Rd 2014 313 1.11 mi
Conecuh County 107 Main St 2021 562 1.16 mi
AL 55 Conecuh County 107 2021 4,957 1.24 mi

Listing Broker

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