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Views: 124 DOM: 267 Updated: 10.30.24 Posted: 02.21.24 Status: Active

Summary

Price $1,053,100
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,099
Lease Start 03-20-2017
#Units 19,986
Price/SF $115.74
Expiration 03-31-2032
Tenant Type Dollar/Discount
NOI $81,619
R. Term 7.4
Ownership Fee Simple
Rent/SF $8.97
Increases 10.0%/8/yrs
Pop 5Mi 2,740
Lot/AC 1.10
Options 4/5yrs/10%
AHHI 5Mi $56,339

Lease Highlights

  • Dollar General has 7+ 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
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of MS-16 and Mars Hill Road, with access to a daily traffic count of 6,804 vehicles. Adjacent to the property is an Exxon gas station, further enhancing its convenience and visibility. Additionally, Family Dollar/Dollar Tree is located in the vicinity, contributing to the area's retail presence. The 5-mile trade area is...

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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 : 178 931 3,383
2023 Total Population : 182 948 3,434
2023 Employed Civilian Pop : 58 332 1,323
2023 Total Businesses : 3 11 17
2023 Average Household Income : $ 54,591 $ 60,395 $ 63,096
2023 Total Consumer Spending : $ 3 M $ 19 M $ 63 M
2023 Median Age : 41 38 34
2023 Total Households : 70 361 1,136
2023 Pop Age 25+: Bachelor's Degree : 18 79 207
2023 Average Home Value : $ 102,551 $ 103,282 $ 96,820
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 16 Mars Hill Rd 2006 4,300 0.18 mi
State Hwy 16 Irons Ln 2006 4,300 0.77 mi
Hooper Mill Creek Road River Hill Rd 2018 360 0.83 mi
Hooper Mill Creek Road Mars Hill Rd 2021 290 0.83 mi
Bird Rd 2021 4,700 1.62 mi
Co Rd 2410 2021 970 1.98 mi
State Hwy 427 Ebenezer Rd 2018 950 2.09 mi
Irons Ln 2021 5,000 2.12 mi
Hwy 16 W Grant Dr 2018 4,700 2.18 mi
Coosa Road Hutchinson Dr 2021 120 2.21 mi

Listing Broker

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