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Views: 86 Updated: 08.15.24 Posted: 12.22.23 Status: Inactive

Summary

Price $1,397,908
Built/Renov 2018
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 03-05-2018
#Units 19,986
Price/SF $153.62
Expiration 03-18-2033
Tenant Type Dollar/Discount
NOI $90,864
R. Term 8.2
Ownership Fee Simple
Rent/SF $9.99
Increases 10.0%/10/yrs
Pop 5Mi 6,115
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $59,211

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 4 (5-year) options
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located directly adjacent to a point of entry on US-385. The property benefits from its proximity to various mobile home parks, including Diamond Mobile Homes, Our Place RV Park, and Roadrunner Trailer Park. Moreover, the site is also situated next to the only gas station along US Hwy 385 for miles. Within less than a mile from the property is JC’s Playground,...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
South US Highway 385 S Grant Ave 2021 8,780 0.02 mi
South Grant Avenue E Junction Dr 2020 10,386 0.02 mi
S Grant Ave W Apple St 2014 11,578 0.17 mi
W Apple St S Grant Ave 2012 1,320 0.36 mi
S Crownover Ave S Cuspid Ave 2012 20 0.42 mi
S Grant Ave W Apple St 2014 7,885 0.43 mi
Farm-to-Market Road 1787 S Forest PkAve 2021 3,593 0.57 mi
Farm-to-Market Road 1787 S Crownover Ave 2020 2,537 0.57 mi
W Sundown St S Wagon Wheel Ave 2012 90 1.05 mi
S Westwind Ave Greasewood St 2012 170 1.15 mi

Listing Broker

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