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Views: 109 DOM: 208 Updated: 07.24.24 Posted: 02.21.24 Status: Active

Summary

Price $1,040,900
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,130
Lease Start 03-01-2027
#Units 19,986
Price/SF $114.01
Expiration 02-29-2032
Tenant Type Dollar/Discount
NOI $80,671
R. Term 7.5
Ownership Fee Simple
Rent/SF $8.84
Increases 10.0%/8/yrs
Pop 5Mi 1,473
Lot/AC 2.01
Options 4/5yrs/10%
AHHI 5Mi $48,336

Lease Highlights

  • Dollar General has 8 years remaining on the current lease term with 4 (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 on MS-26, with access to 4,035 vehicles passing by daily. Adjacent to the property is Chevron, Ronnie’s Sporting Goods and Benndale Hardware & Building Supply. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 1,473 residents with an average household income of $48,336....

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Maps

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  • 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 : 129 887 1,506
2023 Total Population : 128 890 1,506
2023 Employed Civilian Pop : 28 244 464
2023 Total Businesses : 10 17 19
2023 Average Household Income : $ 50,753 $ 51,590 $ 57,629
2023 Total Consumer Spending : $ 2 M $ 14 M $ 28 M
2023 Median Age : 39 40 40
2023 Total Households : 45 319 560
2023 Pop Age 25+: Bachelor's Degree : 7 67 135
2023 Average Home Value : $ 163,571 $ 161,240 $ 165,406
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Deep Creek Rd 2021 2,900 0.34 mi
Bradley Rd 2021 2,100 1.18 mi
Hwy 26 W Singing River Dr 2018 3,100 1.41 mi
Fairley-Oneal Rd Bud Fairley Loop 2006 320 2.41 mi
2021 190 2.84 mi
Mixon Lake Road Elvin Howell Rd 2021 300 3.00 mi

Listing Broker

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