Dollar General

5236 Mary Ball Road, Lively, VA 22507

$1,080,733

Cap Rate 7.50%

Views: 114 DOM: 82 Updated: 08.12.24 Posted: 06.26.24 Status: Active

Summary

Price $1,080,733	Built/Renov 2011	Tenant Dollar General
Cap Rate 7.50%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 9,014	Lease Start 04-30-2011	#Units 19,986
Price/SF $119.89	Expiration 09-30-2033	Tenant Type Dollar/Discount
NOI $81,055	R. Term 9.0	Ownership Fee Simple
Rent/SF $8.99	Increases 10.0%/8/yrs	Pop 5Mi 3,570
Lot/AC 1.48	Options 3/5yrs/10%	AHHI 5Mi $65,000

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Dollar General has 9+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Mary Ball Road, with access to 2,166 vehicles passing by daily. The property benefits from virtually no competition nearby. The 5-mile trade area is supported by a population of 3,570 residents with an average household income of $65,000. Lively is an unincorporated community in Lancaster County in the state of Virginia. The economy of Lively and the...

...

Key Features

Build to suit
In location for years
Strategically located
Below Market Rent
Limited competition
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Dollar General Wikipedia Dollar General Wikipedia Lively, Virginia Zip Code 22507 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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,...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT