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Views: 108 DOM: 274 Updated: 10.30.24 Posted: 02.21.24 Status: Active

Summary

Price $1,224,925
Built/Renov 2021
Tenant Dollar General
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,226
Lease Start 02-28-2021
#Units 19,986
Price/SF $132.77
Expiration 02-29-2036
Tenant Type Dollar/Discount
NOI $90,032
R. Term 11.3
Ownership Fee Simple
Rent/SF $9.76
Increases 10.0%/12/yrs
Pop 5Mi 3,788
Lot/AC 1.55
Options 4/5yrs/10%
AHHI 5Mi $61,949

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 Highway 590 and Monroe Road, with access to a daily traffic count of 1,516 vehicles. Adjacent to the property is Crossroads Cemetery and Lone Star Missionary Baptist Church. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population...

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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 : 159 1,648 3,924
2023 Total Population : 157 1,639 3,921
2023 Employed Civilian Pop : 55 564 1,412
2023 Total Businesses : 2 11 28
2023 Average Household Income : $ 64,778 $ 63,173 $ 61,412
2023 Total Consumer Spending : $ 3 M $ 34 M $ 79 M
2023 Median Age : 40 40 40
2023 Total Households : 59 623 1,475
2023 Pop Age 25+: Bachelor's Degree : 6 62 237
2023 Average Home Value : $ 157,447 $ 161,739 $ 150,901
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Monroe Road Moselle-Seminary Rd 2021 780 0.75 mi
State Hwy 590 Lott Ln 2006 670 0.79 mi
Stringer Rd 2021 880 0.87 mi
Moselle-Seminary Road Lott Ln 2021 770 1.54 mi
Garrick Road Earl Brashier Rd 2021 110 1.79 mi
State Hwy 590 Salt Dome Rd 2018 840 2.45 mi
Shirley Sanford Road Moselle-Seminary Rd 2021 590 2.57 mi
Monroe Rd Lowery Creek Rd 2018 160 2.74 mi
Maybelle Rd 2021 390 2.92 mi

Listing Broker

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