loader
Join Free
Views: 108 DOM: 204 Updated: 09.12.24 Posted: 03.27.24 Status: Sold 10.17.24

Summary

Price $1,502,600
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.85%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 02-01-2024
#Units 19,986
Price/SF $165.12
Expiration 02-01-2039
Tenant Type Dollar/Discount
NOI $102,928
R. Term 14.1
Ownership Fee Simple
Rent/SF $11.31
Increases 10.0%/15/yrs
Pop 5Mi 17,800
Lot/AC 1.45
Options 3/5yrs/10%
AHHI 5Mi $54,700

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently executed a brand-new 15-year lease with 3 (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 Mount Savage Road, with access to 2,724 vehicles passing by daily. The property is within close proximity to Mt. Savage Elementary and Middle School, St. Patrick Church, Mt. Savage United Methodist Church, Mt. Savage Museum, and more. Additionally, there is limited competition as the nearest convenience store is 7-Eleven, located 5 miles southwest of...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 812 2,653 17,310
2023 Total Population : 822 2,697 17,661
2023 Employed Civilian Pop : 399 1,237 8,015
2023 Total Businesses : 12 38 650
2023 Average Household Income : $ 69,759 $ 79,836 $ 79,151
2023 Total Consumer Spending : $ 21 M $ 79 M $ 523 M
2023 Median Age : 46 48 43
2023 Total Households : 352 1,143 7,578
2023 Pop Age 25+: Bachelor's Degree : 38 203 2,054
2023 Average Home Value : $ 322,451 $ 300,583 $ 218,589
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mount Savage Rd NW Old Stone House Rd NW 2018 2,683 1.12 mi
Barrelville Rd NW Barney Engle Rd NW 2003 2,525 1.26 mi
Barrelville Road Northwest 2018 2,232 1.39 mi
Mount Savage Rd NW Barrelville Rd NW 2003 4,775 1.49 mi
MD 47 Sturtz Ln 2020 1,771 1.67 mi
MD 36 Moss Cottage Ln NW 2020 2,265 1.71 mi
Mount Savage Rd NW Slabtown Rd NW 2017 2,312 2.00 mi
Main St Witt Hill 2017 1,409 2.07 mi
Parkersburg Rd NW Broadwater Rd 2003 1,550 2.21 mi
Mount Savage Rd NW Parkersburg Rd NW 2018 1,413 2.34 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity