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Views: 78 DOM: 252 Updated: 09.15.24 Posted: 01.09.24 Status: Active

Summary

Price $838,400
Built/Renov 1997
Tenant Dollar General
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 01-01-1997
#Units 19,986
Price/SF $93.01
Expiration 05-31-2028
Tenant Type Dollar/Discount
NOI $62,880
R. Term 3.8
Ownership Fee Simple
Rent/SF $6.98
Increases 15.0%/4/yrs
Pop 5Mi 3,657
Lot/AC 0.92
Options 4/5yrs/15%
AHHI 5Mi $40,388

Lease Highlights

  • Dollar General has been operating in this location for 26+ years
  • Tenant has 4+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 15% rental increase at the start of option 1 and a 10% increase at the start of each remaining option
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Main Street, with access to 4,500 vehicles passing by daily. This prime location on Main Street is the primary thoroughfare of Caseville running directly through the central business district. Placer.AI estimates that this location does just over $2.1 million in sales annually making it a top 3 store in the county. The surrounding area features...

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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 : 677 1,628 2,534
2023 Total Population : 686 1,655 2,571
2023 Employed Civilian Pop : 271 675 1,017
2023 Total Businesses : 72 104 125
2023 Average Household Income : $ 86,783 $ 82,258 $ 92,587
2023 Total Consumer Spending : $ 27 M $ 60 M $ 105 M
2023 Median Age : 61 60 60
2023 Total Households : 360 822 1,284
2023 Pop Age 25+: Bachelor's Degree : 67 147 257
2023 Average Home Value : $ 220,000 $ 209,870 $ 236,836
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street John Lynn Dr 2022 4,738 0.04 mi
Main St Dock St 2015 4,600 0.41 mi
Main St N Caseville Rd 2015 4,600 0.57 mi
Port Austin Rd Main St 2015 1,300 1.20 mi
Port Austin Rd Bay Rd 2015 3,700 2.26 mi

Listing Broker

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