Dollar General

819 North Center Street, Lonoke, AR 72086

$1,118,566

Cap Rate 7.25%

Views: 46 DOM: 12 Updated: 09.13.24 Posted: 09.04.24 Status: Active

Summary

Price $1,118,566	Built/Renov 2009	Tenant Dollar General
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,014	Lease Start 08-11-2009	#Units 19,986
Price/SF $124.09	Expiration 11-30-2030	Tenant Type Dollar/Discount
NOI $81,096	R. Term 6.2	Ownership Fee Simple
Rent/SF $9.00	Increases 10.0%/5/yrs	Pop 5Mi 5,451
Lot/AC 0.48	Options 4/5yrs/10%	AHHI 5Mi $74,062

Lease Highlights

Dollar General has been operating in this location since 2009
The tenant has 5+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on North Center Street and is surrounded by well-known national tenants including Walmart, Burger King, Sonic, Subway, Dollar Tree, and more. The 5-mile trade area supports a population of 5,451 residents, with an average household income of $74,062. Lonoke is the second most populous city in Lonoke County, Arkansas, serving as its county seat. As of the...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Freeway close
Strong tenant synergy
Top 100 MSA
Long operation history
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Lonoke, Arkansas Zip Code 72086 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 supplies,...

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Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

157 Listings
17410 Views
55 Sold

Eric Carlton

Colliers NNN Group

Contact

169 Listings
18722 Views
58 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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