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Views: 145 DOM: 322 Updated: 11.15.24 Posted: 01.04.24 Status: Active

Summary

Price $1,330,000
Built/Renov 2018
Tenant Dollar General
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,167
Lease Start 10-17-2018
#Units 19,986
Price/SF $145.09
Expiration 10-31-2033
Tenant Type Dollar/Discount
NOI $99,720
R. Term 8.11
Ownership Fee Simple
Rent/SF $10.88
Increases 10.0%/9/yrs
Pop 5Mi 1,705
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $79,275

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Access Hwy, with access to 2,251 vehicles passing by daily. This prime location is further enhanced by the limited competition in the vicinity. Moreover, the property is conveniently situated five miles east of the Loring Commerce Center, a hub for commercial, industrial, and aviation park with over twenty-five business entities. It is also in close...

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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 : 847 1,295 1,680
2023 Total Population : 860 1,315 1,705
2023 Employed Civilian Pop : 271 411 553
2023 Total Businesses : 35 48 82
2023 Average Household Income : $ 75,767 $ 75,483 $ 79,275
2023 Total Consumer Spending : $ 25 M $ 38 M $ 52 M
2023 Median Age : 50 50 50
2023 Total Households : 382 583 743
2023 Pop Age 25+: Bachelor's Degree : 102 155 209
2023 Average Home Value : $ 119,421 $ 120,981 $ 134,887
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Access Hwy Foster Ave 2004 2,330 0.16 mi
Access Highway East St 2022 1,600 0.19 mi
Pleasant Street Nelson Ave 2022 139 0.24 mi
Nelson Avenue High St 2022 43 0.29 mi
High Street Ffa 2022 262 0.32 mi
High St Nelson Ave 2004 470 0.33 mi
Fairview Avenue Lane Ter 2022 58 0.34 mi
Summit Street Trafton Ave 2022 50 0.35 mi
Hamilton Court Pleasant St 2022 21 0.35 mi
Water Company Street Montgomery St 2022 168 0.36 mi

Listing Broker

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