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Views: 168 DOM: 160 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 8.10
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

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...

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Maps

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  • 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,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 221 1,032 2,506
2024 Total Population : 222 1,051 2,538
2024 Employed Civilian Pop : 88 378 965
2024 Total Businesses : 23 43 98
2024 Average Household Income : $ 69,649 $ 75,064 $ 81,710
2024 Total Consumer Spending : $ 7 M $ 33 M $ 87 M
2024 Median Age : 56 56 57
2024 Total Households : 113 489 1,182
2024 Pop Age 25+: Bachelor's Degree : 12 63 195
2024 Average Home Value : $ 388,947 $ 378,171 $ 392,593
*ESRI data is presented for informational purposes only

Listing Broker

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