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Views: 146 DOM: 204 Updated: 10.31.24 Posted: 05.13.24 Status: Active

Summary

Price $2,550,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 5.61%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-01-2023
#Units 19,986
Price/SF $239.66
Expiration 07-01-2038
Tenant Type Dollar/Discount
NOI $143,079
R. Term 13.7
Ownership Fee Simple
Rent/SF $13.45
Increases 10.0%/5/yrs
Pop 5Mi 12,524
Lot/AC 1.70
Options 3/5yrs/10%
AHHI 5Mi $141,788

Lease Highlights

  • Brand new 2023 construction
  • Dollar General has 13 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% 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 is strategically located on Killingworth Road, about a mile north of Burr Elementary School as well as Haddam-Killingworth High School which is in the top 20% of all schools in Connecticut. The 5-mile trade area is supported by a population of 12,524 residents with an average household income of $141,788. Higganum is a village and census-designated place in the town of Haddam, a...

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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 : 1,063 4,845 12,241
2024 Total Population : 1,097 4,988 12,464
2024 Employed Civilian Pop : 542 2,726 6,855
2024 Total Businesses : 20 114 437
2024 Average Household Income : $ 159,225 $ 174,954 $ 160,718
2024 Total Consumer Spending : $ 58 M $ 281 M $ 693 M
2024 Median Age : 45 46 49
2024 Total Households : 433 1,900 5,084
2024 Pop Age 25+: Bachelor's Degree : 202 1,066 2,580
2024 Average Home Value : $ 469,840 $ 536,576 $ 524,201
*ESRI data is presented for informational purposes only

Listing Broker

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