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Views: 152 Updated: 10.29.24 Posted: 06.12.24 Status: Inactive 10.29.24

Summary

Price $2,034,462
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-22-2024
#Units 19,986
Price/SF $191.21
Expiration 07-31-2039
Tenant Type Dollar/Discount
NOI $132,240
R. Term 14.7
Ownership Fee Simple
Rent/SF $12.43
Increases 5.0%/5/yrs
Pop 5Mi 73,732
Lot/AC 1.55
Options 5/5yrs/10%
AHHI 5Mi $101,039

Lease Highlights

  • 2024 BTS Plus size construction 
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of N Rocky River Road and James Hamilton Road, with access to a combined daily traffic count of 10,115 vehicles. The property is highly visible as it is positioned just off Highway 74, which sees 39,038 VPD. Additionally, it is in proximity to well-known national tenants including Goodwill, O'Reilly Auto Parts,...

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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 : 4,498 29,292 88,040
2024 Total Population : 4,121 27,411 80,158
2024 Employed Civilian Pop : 1,912 13,582 41,113
2024 Total Businesses : 93 1,096 3,036
2024 Average Household Income : $ 114,098 $ 111,755 $ 111,733
2024 Total Consumer Spending : $ 145 M $ 967 M $ 2722 M
2024 Median Age : 37 38 38
2024 Total Households : 1,470 9,875 27,921
2024 Pop Age 25+: Bachelor's Degree : 369 3,639 12,872
2024 Average Home Value : $ 438,609 $ 396,272 $ 419,829
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Rocky River Rd Myers Rd 2015 8,300 0.04 mi
North Rocky River Road Eastridge Ct 2021 8,560 0.08 mi
North Rocky River Road James Hamilton Rd 2021 12,060 0.09 mi
US 74 Independence Blvd 2021 37,529 0.24 mi
North Rocky River Road Shiloh Club Rd 2021 13,321 0.31 mi
Independence Boulevard W Roosevelt Blvd 2019 37,500 0.32 mi
N Rocky River Rd John Stevenson Ln 2016 7,800 0.48 mi
Myers Rd Cameron Woods Dr 2006 1,368 0.49 mi
Independence Blvd Woodbrook Ln 2008 33,000 0.51 mi
Cameron Woods Dr Olde Elizabeth Ln 2007 207 0.51 mi

Listing Broker

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