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Views: 162 Updated: 10.29.24 Posted: 02.21.24 Status: Inactive 10.29.24

Summary

Price $853,900
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,301
Lease Start 11-08-2015
#Units 19,986
Price/SF $91.81
Expiration 11-30-2030
Tenant Type Dollar/Discount
NOI $66,180
R. Term 6.0
Ownership Fee Simple
Rent/SF $7.12
Increases 10.0%/6/yrs
Pop 5Mi 1,777
Lot/AC 1.18
Options 5/5yrs/10%
AHHI 5Mi $61,813

Lease Highlights

  • Dollar General has 6+ years remaining on the current lease term with 5 (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 N State Hwy 21, with access to 3,530 vehicles passing by daily. It is conveniently adjacent to Roy's Caledonia and Roy's Car Wash. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 1,777 residents with an average household income of $61,813. Caledonia, a village in...

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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 : 51 648 1,735
2023 Total Population : 51 656 1,750
2023 Employed Civilian Pop : 21 274 701
2023 Total Businesses : 2 26 43
2023 Average Household Income : $ 68,700 $ 75,367 $ 72,732
2023 Total Consumer Spending : $ 1 M $ 20 M $ 46 M
2023 Median Age : 51 50 50
2023 Total Households : 18 292 705
2023 Pop Age 25+: Bachelor's Degree : 3 26 96
2023 Average Home Value : $ 328,571 $ 257,347 $ 274,494
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 21 Buford Rd 2014 1,796 0.62 mi
State Highway 21 Hwy 21 2022 1,053 0.92 mi
State Hwy 21 Buford Rd 2019 984 1.17 mi
State Highway 21 Buford Rd 2022 1,053 1.19 mi
State Hwy 21 Hwy 32 2019 2,399 2.09 mi
State Hwy 32 Cedar Creek Rd 2009 1,548 2.10 mi
Main Avenue Mill St 2018 1,342 2.26 mi
State Hwy 21 Lovers Ln 2014 2,448 2.48 mi
State Highway 21 Highcrest Rd 2022 1,428 2.64 mi
Lovers Ln Highcrest Rd 2018 1,342 2.64 mi

Listing Broker

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