Dollar General

29 North Broad Street, Carthage, NY 13619

$2,207,000

Cap Rate 6.80%

Views: 133 DOM: 287 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $2,207,000	Built/Renov 2024	Tenant Dollar General
Cap Rate 6.80%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,859	Lease Start 04-01-2024	#Units 19,986
Price/SF $203.24	Expiration 04-30-2039	Tenant Type Dollar/Discount
NOI $150,061	R. Term 14.5	Ownership Fee Simple
Rent/SF $13.82	Increases 5.0%/5/yrs	Pop 5Mi 9,026
Lot/AC 2.77	Options 3/5yrs/5%	AHHI 5Mi $65,384

Klinton Lewis

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Lease Highlights

Brand-new 2024 construction
Brand-new 15-year lease with 3 (5-year) options to extend
The lease features 5% rental increases every 5 years throughout the primary term and each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on N Broad St., with access to 5,618 vehicles passing by daily. Surrounding the area are national tenants such as Circle K, Pizza Hut, Subway, NAPA Auto Parts, Aldi, and others. The 5-mile trade area is supported by a population of 9,026 with an average household income of $65,384. Carthage is a village located in the town of Wilna in Jefferson County,...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Carthage, New York Zip Code 13619 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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 :	2,067	7,190	9,262
2023 Total Population :	2,055	7,216	9,301
2023 Employed Civilian Pop :	724	2,460	3,316
2023 Total Businesses :	113	215	227
2023 Average Household Income :	$ 71,686	$ 75,905	$ 77,842
2023 Total Consumer Spending :	$ 63 M	$ 196 M	$ 251 M
2023 Median Age :	37	36	37
2023 Total Households :	1,016	2,975	3,713
2023 Pop Age 25+: Bachelor's Degree :	174	845	1,061
2023 Average Home Value :	$ 227,495	$ 231,002	$ 232,750

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Broad Street	Franklin St	2021	7,327	0.04 mi
	Franklin St	2021	397	0.36 mi
Bridge Street	Champion St	2021	6,859	0.37 mi
Bridge Street	N Broad St	2018	6,911	0.38 mi
	Madison St	2021	4,800	0.40 mi
S Broad St	Liberty St	2006	4,170	0.42 mi
Bridge Street	S Broad St	2021	2,006	0.42 mi
Champion St	Martin Rd	2006	4,780	0.43 mi
	S Broad St	2021	290	0.48 mi
	Lathrop St	2021	352	0.51 mi

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