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Views: 213 DOM: 57 Updated: 08.06.24 Posted: 06.11.24 Status: Sold 08.07.24

Summary

Price $1,713,000 $1,713,000
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.75% 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 10-05-2023
#Units 19,986
Price/SF $162.12 $162.12
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $115,623
R. Term 13.10
Ownership Fee Simple
Rent/SF $10.94
Increases 10.0%/14/yrs
Pop 5Mi 71,534
Lot/AC 2.77
Options 3/5yrs/10%
AHHI 5Mi $102,119

Lease Highlights

  • New 2023 BTS construction | Plus size prototype
  • Dollar General has 14+ years left on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on North Illinois Street, with access to 14,000 vehicles daily. The property is in immediate proximity to Collinsville High School, Far Oaks Golf Club, Stonewolf Golf Club, and St. Claire Square Mall. Additionally, it is positioned three miles north of Interstate 64. Furthermore, the site is further enhanced by limited competition in the immediate area....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,271 27,575 68,915
2024 Total Population : 2,342 28,559 70,970
2024 Employed Civilian Pop : 1,480 15,570 37,527
2024 Total Businesses : 22 764 2,614
2024 Average Household Income : $ 130,242 $ 103,077 $ 106,550
2024 Total Consumer Spending : $ 104 M $ 1073 M $ 2741 M
2024 Median Age : 44 40 40
2024 Total Households : 930 11,826 29,274
2024 Pop Age 25+: Bachelor's Degree : 359 3,854 10,148
2024 Average Home Value : $ 246,188 $ 239,629 $ 242,567
*ESRI data is presented for informational purposes only

Listing Broker

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