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Views: 141 DOM: 273 Updated: 10.30.24 Posted: 02.22.24 Status: Active

Summary

Price $1,121,307
Built/Renov 2019
Tenant Dollar General
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,090
Lease Start 10-18-2019
#Units 19,986
Price/SF $123.36
Expiration 07-31-2034
Tenant Type Dollar/Discount
NOI $84,098
R. Term 9.8
Ownership Fee Simple
Rent/SF $9.25
Increases 10.0%/10/yrs
Pop 5Mi 822
Lot/AC 1.29
Options 4/5yrs/10%
AHHI 5Mi $51,382

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Line Street, directly fronting MS-39, with access to 1,589 vehicles per day. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 822 residents with an average household income of $51,382. Shuqualak is a town in Noxubee County, Mississippi, with a population of 399 as of 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 : 410 723 960
2023 Total Population : 424 745 989
2023 Employed Civilian Pop : 128 228 308
2023 Total Businesses : 12 15 20
2023 Average Household Income : $ 49,625 $ 50,769 $ 52,644
2023 Total Consumer Spending : $ 7 M $ 13 M $ 18 M
2023 Median Age : 42 42 42
2023 Total Households : 171 289 393
2023 Pop Age 25+: Bachelor's Degree : 8 28 51
2023 Average Home Value : $ 151,224 $ 150,622 $ 146,319
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Jackson Street Center St 2021 100 0.13 mi
Jackson St 2021 2,600 0.16 mi
Residence Street Pine St 2018 800 0.28 mi
Residence Street Floyd Loop 2021 790 0.28 mi
Line Street Constantine St 2021 1,600 0.34 mi
Residence Street Church St 2018 800 0.39 mi
State Hwy 145 Jackson St 2018 900 1.08 mi
Hwy 39 2021 720 1.08 mi
College Street Hwy 145 2021 2,000 1.54 mi
Shuqualak Rd 2021 1,200 1.57 mi

Listing Broker

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