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Views: 123 DOM: 285 Updated: 10.30.24 Posted: 02.22.24 Status: Active

Summary

Price $1,126,640
Built/Renov 2019
Tenant Dollar General
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,244
Lease Start 06-26-2019
#Units 19,986
Price/SF $121.88
Expiration 06-30-2034
Tenant Type Dollar/Discount
NOI $84,498
R. Term 9.7
Ownership Fee Simple
Rent/SF $9.14
Increases 10.0%/10/yrs
Pop 5Mi 1,207
Lot/AC 2.12
Options 4/5yrs/10%
AHHI 5Mi $72,989

Lease Highlights

  • Dollar General has 9+ 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 strategically located on MS-63, with access to 2,370 vehicles per day. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 1,207 residents with an average household income of $72,989. Richton is a town in Perry County, Mississippi, and is included in the Hattiesburg, Mississippi Metropolitan...

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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 : 13 711 1,564
2023 Total Population : 13 713 1,575
2023 Employed Civilian Pop : 5 306 692
2023 Total Businesses : 4 16 23
2023 Average Household Income : $ 58,901 $ 81,726 $ 89,011
2023 Total Consumer Spending : $ 0 M $ 20 M $ 48 M
2023 Median Age : 38 39 39
2023 Total Households : 11 279 609
2023 Pop Age 25+: Bachelor's Degree : 0 48 122
2023 Average Home Value : $ 93,182 $ 134,191 $ 148,482
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 63 2021 1,800 0.04 mi
State Hwy 63 Walley Dr 2018 1,600 0.67 mi
Indian Hill Rd 2021 1,700 1.24 mi
Jeffs Ln 2021 1,700 2.30 mi
Prun Dr 2021 1,100 2.64 mi

Listing Broker

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