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Views: 46 DOM: 61 Updated: 11.21.24 Posted: 10.30.24 Status: Active

Summary

Price $2,394,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 10-01-2024
#Units 19,986
Price/SF $188.98
Expiration 11-01-2039
Tenant Type Dollar/Discount
NOI $159,168
R. Term 14.10
Ownership Fee Simple
Rent/SF $12.56
Increases 5.0%/5/yrs
Pop 5Mi 45,107
Lot/AC 2.06
Options 5/5yrs/5%
AHHI 5Mi $73,583

Lease Highlights

  • Brand new 2024 construction | Building will feature a state-of-the-art design with high-quality materials
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of W. Holly St. and N. George St., with access to a combined daily traffic count of 7,300 vehicles. The property features high visibility with extensive street frontage and a prominent pylon sign. Additionally, it is close to Berkeley Mall, a regional shopping center anchored by national retailers such...

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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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Listing Broker

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