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Views: 92 DOM: 240 Updated: 09.15.24 Posted: 01.20.24 Status: Active

Summary

Price $2,124,440
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-01-2024
#Units 19,986
Price/SF $201.06
Expiration 01-01-2039
Tenant Type Dollar/Discount
NOI $140,213
R. Term 14.3
Ownership Fee Simple
Rent/SF $13.27
Increases 5.0%/5/yrs
Pop 5Mi 19,135
Lot/AC 1.10
Options 5/5yrs/5%
AHHI 5Mi $63,101

Lease Highlights

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

Location Description

Dollar General Market is strategically located on Lake Land Blvd/Hwy 121, with access to a daily traffic count of 8,108 vehicles. The property is surrounded by various businesses such as Mazda, Enterprise, Xpress Rent a Car, D&B Auto Body, and more. In the vicinity, there are prominent national retailers including Family Dollar, Hardees, Subway, and more. 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 : 3,859 16,603 18,545
2023 Total Population : 3,977 17,096 19,096
2023 Employed Civilian Pop : 1,609 6,979 7,939
2023 Total Businesses : 236 952 1,130
2023 Average Household Income : $ 63,560 $ 65,748 $ 67,520
2023 Total Consumer Spending : $ 97 M $ 446 M $ 510 M
2023 Median Age : 41 41 42
2023 Total Households : 1,744 7,732 8,614
2023 Pop Age 25+: Bachelor's Degree : 296 1,489 1,787
2023 Average Home Value : $ 120,459 $ 121,419 $ 130,503
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S 19th St Bus Rd 2004 950 0.04 mi
Lakeland Blvd Wright Ave 2005 9,700 0.06 mi
US 45;IL 121 Warren St 2021 6,900 0.14 mi
Lakeland Blvd Rudy Ave 2005 9,700 0.15 mi
S 19th St Rudy Ave 2004 950 0.20 mi
Rudy Ave Lakeland Blvd 2004 1,200 0.21 mi
South 19th Street Rudy Ave 2019 850 0.24 mi
Lakeland Boulevard Rudy Ave 2019 9,200 0.26 mi
Rudy Ave 17th St 2004 4,050 0.31 mi
Lakeland Blvd Warren St 2005 9,700 0.33 mi

Listing Broker

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