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Views: 116 Updated: 10.29.24 Posted: 12.16.23 Status: Inactive 10.29.24

Summary

Price $1,980,816
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 01-24-2024
#Units 19,986
Price/SF $186.17
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $130,734
R. Term 14.1
Ownership Fee Simple
Rent/SF $12.29
Increases 5.0%/5/yrs
Pop 5Mi 7,358
Lot/AC 2.20
Options 5/5yrs/5%
AHHI 5Mi $88,582

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General recently executed a brand-new 15-year lease with 5 (5-year) options to extend
  • Lease features 5% rental increase at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located on IN-9, with excellent visibility and access to 6,742 vehicles passing by daily. With convenient on/off access to Highway 52 (5,223 VPD), this prime location is further enhanced by limited competition in the vicinity. The 5-mile trade area surrounding the property is supported by a population of 7,358 residents, with an average household income of...

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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 : 291 2,387 5,926
2023 Total Population : 304 2,474 6,111
2023 Employed Civilian Pop : 190 1,424 3,301
2023 Total Businesses : 8 35 114
2023 Average Household Income : $ 122,112 $ 109,944 $ 99,274
2023 Total Consumer Spending : $ 13 M $ 90 M $ 204 M
2023 Median Age : 47 46 45
2023 Total Households : 128 968 2,394
2023 Pop Age 25+: Bachelor's Degree : 33 365 787
2023 Average Home Value : $ 219,626 $ 264,775 $ 250,822
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SR 9 E 1100 N 2021 6,115 0.22 mi
E 1100 N State Rd 9 2009 187 0.31 mi
SR 9 E Main St 2021 6,115 0.49 mi
N Division Rd W 1100 N 2012 150 0.60 mi
East Main Street State Rd 9 2021 6,017 0.63 mi
US 52 N 100 E 2021 5,707 0.66 mi
State Rd 9 E Main St 2017 6,837 0.83 mi
N 100 E E Main St 2009 138 0.86 mi
SR 9 E Main St 2021 5,454 0.93 mi
N Main St E Railroad St 2009 96 0.94 mi

Listing Broker

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