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Views: 143 DOM: 317 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 14.4
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

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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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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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

Listing Broker

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