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Views: 131 DOM: 222 Updated: 10.30.24 Posted: 05.13.24 Status: Active

Summary

Price $1,646,300
Built/Renov 2019
Tenant Dollar General
Cap Rate 6.56%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 10-01-2019
#Units 19,986
Price/SF $180.91
Expiration 10-01-2034
Tenant Type Dollar/Discount
NOI $108,000
R. Term 9.9
Ownership Fee Simple
Rent/SF $11.87
Increases 10.0%/5/yrs
Pop 5Mi 10,949
Lot/AC 1.87
Options 4/5yrs/10%
AHHI 5Mi $77,726

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
  • Favorable NN+ lease with landlord responsible for roof and structure | 20-year warranty in place
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Main Street, the main retail thoroughfare. The building features  upgraded construction with brick and HardiePlank siding. The site is surrounded by well-known national tenants including Dunkin', Family Dollar, Tractor Supply Co, Walgreens, and more. Additionally, located behind the property is the newly constructed The Residences At Abenaki Springs....

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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
2029 Total Population : 472 5,231 9,965
2024 Total Population : 459 5,217 9,900
2024 Employed Civilian Pop : 238 2,576 5,051
2024 Total Businesses : 76 407 567
2024 Average Household Income : $ 109,059 $ 92,820 $ 96,912
2024 Total Consumer Spending : $ 20 M $ 202 M $ 385 M
2024 Median Age : 53 49 48
2024 Total Households : 215 2,467 4,505
2024 Pop Age 25+: Bachelor's Degree : 82 767 1,426
2024 Average Home Value : $ 419,218 $ 328,218 $ 327,743
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Potato Barn Rd 2022 2,704 0.07 mi
Main Street Nh-12 2019 2,977 0.10 mi
Homestead Ave Homestead Ave 2020 434 0.21 mi
Main St 2022 8,562 0.21 mi
Firehouse Rd Maplewood Cir 2020 434 0.21 mi
Maplewood Cir Main St 2020 434 0.26 mi
Put Rd Maplewood Cir 2020 434 0.27 mi
Main Street 2019 2,977 0.36 mi
Bellows Rd Main St 2020 7,340 0.38 mi
Main St Petes Stand Ln 2020 6,010 0.41 mi

Listing Broker

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