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Views: 75 DOM: 90 Updated: 10.30.24 Posted: 08.23.24 Status: Active

Summary

Price $1,699,288
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,500
Lease Start 07-15-2024
#Units 19,986
Price/SF $226.57
Expiration 07-31-2039
Tenant Type Dollar/Discount
NOI $112,153
R. Term 14.8
Ownership Fee Simple
Rent/SF $14.95
Increases 5.0%/5/yrs
Pop 5Mi 17,680
Lot/AC 3.00
Options 5/5yrs/5%
AHHI 5Mi $90,779

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years 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 at the hard corner intersection of N Long Lake Road and W Long Lake Road, with access to a combined daily traffic count of 5,663 vehicles. The property is the only dollar store in the community, with the nearest competitor 6 miles away. The 5-mile trade area supports a population of 17,680 residents with an average household income of $90,779. Traverse...

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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 supplies,...


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Listing Broker

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