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Views: 81 Updated: 09.30.24 Posted: 07.15.24 Status: Inactive

Summary

Price $2,397,285
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 06-23-2024
#Units 19,986
Price/SF $188.96
Expiration 06-22-2039
Tenant Type Dollar/Discount
NOI $147,433
R. Term 14.7
Ownership Fee Simple
Rent/SF $11.62
Increases 5.0%/5/yrs
Pop 5Mi 98,021
Lot/AC 1.07
Options 4/5yrs/5%
AHHI 5Mi $77,544

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Linden Road, with access to 6,754 vehicles passing by daily. The property is conveniently situated directly off U.S. Route 20, which sees 34,551 VPD. The immediate area boasts well-known national tenants including Burger King, UPS, Citgo, and more. The 5-mile trade area supports a population of 98,021 residents with an average household income...

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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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,325 42,317 96,186
2024 Total Population : 4,359 43,177 98,021
2024 Employed Civilian Pop : 2,236 20,384 44,999
2024 Total Businesses : 170 1,077 3,843
2024 Average Household Income : $ 66,478 $ 78,910 $ 77,544
2024 Total Consumer Spending : $ 130 M $ 1238 M $ 2797 M
2024 Median Age : 33 38 39
2024 Total Households : 2,164 17,614 40,518
2024 Pop Age 25+: Bachelor's Degree : 526 4,726 10,203
2024 Average Home Value : $ 205,327 $ 166,304 $ 165,957
*ESRI data is presented for informational purposes only

Listing Broker

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