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Views: 60 DOM: 87 Updated: 09.15.24 Posted: 06.21.24 Status: Active

Summary

Price $1,578,171
Built/Renov 2023
Tenant Dollar General
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 01-29-2023
#Units 19,986
Price/SF $148.32
Expiration 01-31-2038
Tenant Type Dollar/Discount
NOI $110,472
R. Term 13.4
Ownership Fee Simple
Rent/SF $10.38
Increases 0.0%/0/yrs
Pop 5Mi 1,628
Lot/AC 1.00
Options 5/5yrs/10%
AHHI 5Mi $56,807

Lease Highlights

  • New 2023 BTS Plus size construction
  • Dollar General has 13+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signaled, hard corner intersection of Minchew Road and Route 82, a main thoroughfare, with access to 4,831 vehicles passing by daily. The property benefits from limited competition, as the nearest dollar store is over 7 miles away. The 5-mile trade area is supported by a population of 1,628 residents with an average household income of $56,807....

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Maps

  • 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,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 375 922 1,754
2023 Total Population : 377 925 1,750
2023 Employed Civilian Pop : 172 424 799
2023 Total Businesses : 3 4 12
2023 Average Household Income : $ 67,249 $ 66,998 $ 63,713
2023 Total Consumer Spending : $ 7 M $ 19 M $ 35 M
2023 Median Age : 37 37 37
2023 Total Households : 125 338 634
2023 Pop Age 25+: Bachelor's Degree : 21 50 76
2023 Average Home Value : $ 84,579 $ 92,466 $ 104,876
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Boone Road Mullis Rd 2021 450 0.06 mi
Boone Road Mullis Rd 2019 450 0.06 mi
County Road 246 Pubuk Rd 2004 943 0.10 mi
County Road 234 Co Rd 247 2018 350 0.48 mi
County Road 234 Co Rd 247 2021 430 0.48 mi
Fiddler Green Road State Rte594 2021 240 0.80 mi
US 82;GA 520 County Rd49 2021 4,130 1.57 mi
US 82;GA 520 Hot Pepper Rd 2021 4,380 1.75 mi
County Road 50 County Rd195 2004 125 1.92 mi
County Road 234 Smut Hammick Rd 2005 420 2.37 mi

Listing Broker

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