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Views: 143 DOM: 303 Updated: 10.30.24 Posted: 02.22.24 Status: Active

Summary

Price $1,258,286
Built/Renov 2020
Tenant Dollar General
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,237
Lease Start 11-11-2020
#Units 19,986
Price/SF $136.22
Expiration 11-30-2035
Tenant Type Dollar/Discount
NOI $92,484
R. Term 10.11
Ownership Fee Simple
Rent/SF $10.01
Increases 10.0%/11/yrs
Pop 5Mi 3,623
Lot/AC 1.55
Options 4/5yrs/10%
AHHI 5Mi $67,961

Lease Highlights

  • Dollar General has 11+ 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 signalized, hard corner intersection of MS-540 and Blackwell Road, with access to 1,713 vehicles passing by daily. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 3,623 residents with an average household income of $67,961. Mendenhall, located in Simpson County,...

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Maps

  • 1 Mile
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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 : 53 1,115 2,856
2023 Total Population : 55 1,153 2,952
2023 Employed Civilian Pop : 22 420 1,026
2023 Total Businesses : 0 4 20
2023 Average Household Income : $ 94,330 $ 82,298 $ 78,856
2023 Total Consumer Spending : $ 1 M $ 33 M $ 81 M
2023 Median Age : 44 42 41
2023 Total Households : 16 449 1,159
2023 Pop Age 25+: Bachelor's Degree : 7 144 342
2023 Average Home Value : $ 121,667 $ 116,058 $ 112,547
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Townsend Road Dr Magee Rd 2021 30 0.85 mi
Blackwell Road Walter Jones Rd 2021 1,400 2.41 mi
Blackwell Road Chess Warren Rd 2018 1,400 2.41 mi
Blackwell Road Hayman Lake Rd 2018 760 2.46 mi
Blackwell Road Hayman Lake Rd 2021 940 2.46 mi
Chess Warren Road Clarence Thames Rd 2021 80 2.63 mi
State Hwy 540 Sydney A Rd 2008 1,400 2.92 mi

Listing Broker

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