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Views: 162 Updated: 11.14.24 Posted: 08.10.23 Status: Inactive 11.14.24

Summary

Price $1,321,900
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 04-29-2022
#Units 19,986
Price/SF $124.24
Expiration 04-30-2037
Tenant Type Dollar/Discount
NOI $95,836
R. Term 12.5
Ownership Fee Simple
Rent/SF $9.01
Increases 10.0%/14/yrs
Pop 5Mi 9,995
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $64,568

Lease Highlights

  • 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
  • Tenant signed a 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corporation (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Dollar General is positioned at the corner of Old Indiana Road and Pittsburgh-Buffalo Highway with access to 14,800 vehicles passing by daily. The subject property benefits from limited competition with the nearest discount store more than 5 miles away. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the...

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Maps

  • 1 Mile
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  • 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 : 621 2,886 8,875
2023 Total Population : 638 2,963 9,083
2023 Employed Civilian Pop : 274 1,264 3,898
2023 Total Businesses : 13 75 312
2023 Average Household Income : $ 72,362 $ 65,372 $ 71,306
2023 Total Consumer Spending : $ 17 M $ 77 M $ 248 M
2023 Median Age : 47 42 46
2023 Total Households : 271 1,321 3,936
2023 Pop Age 25+: Bachelor's Degree : 65 214 920
2023 Average Home Value : $ 132,346 $ 155,227 $ 153,222
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 119 2019 281 0.05 mi
Old Indiana Rd 2019 281 0.10 mi
Chessie Way 2019 7,171 0.75 mi
W Clare St 2021 15,368 0.77 mi
US Hwy 119 Coke Oven Ln 2017 14,794 1.34 mi
Graceton Village Rd 2019 281 1.35 mi
Hwy 119 2019 281 1.41 mi
Black Lick Rd Mahan School Rd 2017 663 1.41 mi
T402 W 1st Ave 2016 260 1.48 mi
Campbells Mill Rd Indiana Hwy 2016 1,770 1.54 mi

Listing Broker

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