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Views: 174 DOM: 256 Updated: 10.03.24 Posted: 04.10.24 Status: Contract

Summary

Price $916,955
Built/Renov 2015
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 03-30-2015
#Units 19,986
Price/SF $101.73
Expiration 03-31-2030
Tenant Type Dollar/Discount
NOI $71,064
R. Term 5.3
Ownership Fee Simple
Rent/SF $7.88
Increases 10.0%/6/yrs
Pop 5Mi 1,053
Lot/AC 1.72
Options 4/5yrs/10%
AHHI 5Mi $62,899

Lease Highlights

  • Dollar General has 5+ years remaining on the current lease term with 4 (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 on N Hazlet Street, with access to 2,151 vehicles passing by daily. Conveniently situated just off Highway 9, the property is positioned on the north side of town, making it easily accessible from the main thoroughfare. Nearby educational institutions include Fort Cobb High School and Fort Cobb Broxton Public School. The 5-mile trade area is supported by...

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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
2028 Total Population : 537 709 1,002
2023 Total Population : 570 754 1,068
2023 Employed Civilian Pop : 241 306 412
2023 Total Businesses : 30 32 37
2023 Average Household Income : $ 60,053 $ 61,245 $ 62,981
2023 Total Consumer Spending : $ 12 M $ 16 M $ 24 M
2023 Median Age : 43 44 44
2023 Total Households : 234 300 438
2023 Pop Age 25+: Bachelor's Degree : 60 78 108
2023 Average Home Value : $ 120,032 $ 126,812 $ 152,508
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 281 2021 2,200 0.51 mi
E1320 Rd East St 2016 590 0.60 mi
Co Rd 1310 2021 2,300 0.74 mi
Hwy 281 2021 730 1.00 mi
Hwy 281 Co Rd 1330 2003 2,800 1.06 mi
Co Rd 1330 County St2550 2016 540 1.08 mi
County Street 2550 Co Rd 1330 2016 340 1.21 mi
Co Rd 1310 2021 2,000 1.49 mi
Co Rd 1310 2021 1,300 1.78 mi
N2580 Rd 2021 310 2.21 mi

Listing Broker

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