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Views: 284 Updated: 12.05.24 Posted: 08.20.24 Status: Sold

Summary

Price $1,757,040
Built/Renov 1994/2024
Tenant Dollar General
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,777
Lease Start 06-29-2024
#Units 19,986
Price/SF $200.19
Expiration 06-30-2034
Tenant Type Dollar/Discount
NOI $131,778
R. Term 9.6
Ownership Fee Simple
Rent/SF $15.01
Increases 10.0%/9/yrs
Pop 5Mi 61,706
Lot/AC 0.69
Options 4/5yrs/10%
AHHI 5Mi $153,022

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 every 5 years throughout the primary term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Main Street, with access to 8,300 vehicles passing by daily. The property is situated within the Shops at Patten’s Hollow, a main corridor connecting Downtown Amesbury to Interstate 495. It is also within 1 mile of local schools, including Amesbury Middle School and Amesbury High School. The immediate area features well-known national tenants such as...

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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 : 8,896 27,361 63,244
2024 Total Population : 8,769 27,067 62,170
2024 Employed Civilian Pop : 5,327 15,404 34,148
2024 Total Businesses : 426 1,041 3,317
2024 Average Household Income : $ 117,124 $ 148,097 $ 151,879
2024 Total Consumer Spending : $ 402 M $ 1421 M $ 3402 M
2024 Median Age : 44 46 48
2024 Total Households : 3,966 11,214 26,149
2024 Pop Age 25+: Bachelor's Degree : 1,677 5,934 13,656
2024 Average Home Value : $ 536,042 $ 655,808 $ 702,056
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Noel St 2022 6,169 0.04 mi
MAIN STREET Noel St 2021 6,175 0.04 mi
Main Street Sparhawk St 2022 8,421 0.20 mi
MAIN STREET Sparhawk St 2021 8,429 0.20 mi
School St Pleasant St 2015 8,455 0.26 mi
MA 110 E Highland St 2021 11,648 0.29 mi
Haverhill Road E Highland St 2022 11,636 0.29 mi
Haverhill Road 2019 12,606 0.29 mi
HIGHLAND STREET Wells Ave 2021 2,915 0.30 mi
Morrill Pl 2022 2,912 0.30 mi

Listing Broker

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