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Views: 174 DOM: 433 Updated: 08.31.24 Posted: 09.15.23 Status: Active

Summary

Price $1,622,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-01-2023
#Units 19,986
Price/SF $152.44
Expiration 07-31-2038
Tenant Type Dollar/Discount
NOI $104,616
R. Term 13.8
Ownership Fee Simple
Rent/SF $9.83
Increases 10.0%/5/yrs
Pop 5Mi 42,958
Lot/AC 1.57
Options 5/5yrs/10%
AHHI 5Mi $50,500

Lease Highlights

  • Brand new 2023 construction
  • Dollar General recently signed a new 15-year lease with 5 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

This newly constructed Dollar General features 10,640 square feet of retail space on 1.57 acres. The property is strategically located along Main St. which sees 3,400 vehicles passing by daily. There are an estimated 42,958 people, earning an average household income of $50,500 living within a 10-mile radius of the site. Gibson is a town in Scotland County, North Carolina. In 2020, Gibson had...

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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 : 532 1,466 6,053
2023 Total Population : 547 1,510 6,172
2023 Employed Civilian Pop : 167 491 2,380
2023 Total Businesses : 12 17 82
2023 Average Household Income : $ 51,942 $ 50,169 $ 60,800
2023 Total Consumer Spending : $ 10 M $ 28 M $ 136 M
2023 Median Age : 42 42 42
2023 Total Households : 226 628 2,495
2023 Pop Age 25+: Bachelor's Degree : 34 60 362
2023 Average Home Value : $ 83,494 $ 108,221 $ 128,854
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Livingston Rd 2019 3,400 0.06 mi
X-Way Road Main St 2019 1,500 0.08 mi
Main Street Walker St 2021 3,900 0.16 mi
X-Way Road McColman Rd 2021 1,500 0.16 mi
Livingston Rd Main St 2004 150 0.20 mi
Old McColl Road Scotland Ave 2021 400 0.35 mi
NC 381 City Limit St 2020 1,400 0.48 mi
Hamlet Road Main St 2021 1,600 0.49 mi
Oil Mill Rd Teel St 2004 620 0.66 mi
Main Street Mc Laurin St 2019 3,100 0.70 mi

Listing Broker

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