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Views: 172 DOM: 499 Updated: 11.14.24 Posted: 08.10.23 Status: Contract 05.11.24

Summary

Price $1,436,200
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 11-09-2022
#Units 19,986
Price/SF $134.98
Expiration 11-30-2037
Tenant Type Dollar/Discount
NOI $104,127
R. Term 12.11
Ownership Fee Simple
Rent/SF $9.79
Increases 10.0%/14/yrs
Pop 5Mi 7,332
Lot/AC 1.70
Options 3/5yrs/10%
AHHI 5Mi $78,175

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

The newly constructed Dollar General is fronting Leach Avenue and is a relocation store directly across from the previous site with access to 3,500 vehicles passing by daily. This location features Dollar General’s newest prototype. The subject property benefits from excellent visibility via street sign frontage, increasing consumer draw to the site. Strong tenant synergy increases consumer...

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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 : 1,324 3,953 7,168
2023 Total Population : 1,364 4,044 7,327
2023 Employed Civilian Pop : 622 1,947 3,596
2023 Total Businesses : 64 135 216
2023 Average Household Income : $ 74,190 $ 74,503 $ 76,414
2023 Total Consumer Spending : $ 41 M $ 114 M $ 213 M
2023 Median Age : 47 47 48
2023 Total Households : 627 1,741 3,194
2023 Pop Age 25+: Bachelor's Degree : 226 481 751
2023 Average Home Value : $ 156,977 $ 230,606 $ 234,295
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Leech Ave T313 2017 3,542 0.02 mi
State Hwy286 2021 322 0.61 mi
Urban Rd 2021 3,542 0.62 mi
State Hwy981 2021 4,164 0.70 mi
Waukeena Rd T870 2017 4,530 0.78 mi
Point St High St 2016 299 0.80 mi
State Rte 286 State Hwy981 2012 6,965 0.80 mi
Washington Street Water St 2021 4,164 0.80 mi
State Rte 981 Bell Plan Dr 2020 1,797 0.82 mi
State Rte 981 Bell Plan Dr 2016 2,208 0.89 mi

Listing Broker

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