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Views: 154 DOM: 76 Updated: 10.18.24 Posted: 09.06.24 Status: Active

Summary

Price $1,282,992
Built/Renov 2004
Tenant Dollar General
Cap Rate 6.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 08-01-2024
#Units 19,986
Price/SF $142.33
Expiration 07-31-2029
Tenant Type Dollar/Discount
NOI $86,602
R. Term 4.8
Ownership Fee Simple
Rent/SF $9.61
Increases 7.5%/5/yrs
Pop 5Mi 135,038
Lot/AC 1.16
Options 2/5yrs/7.5%
AHHI 5Mi $87,246

Lease Highlights

  • Dollar General has been operating in this location since 2004

  • The tenant has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on N Wabash Avenue (US Route 92), a key commercial and commuter corridor in the area, with access to 16,200 vehicles passing by daily. The property is surrounded by densely developed residential neighborhoods and is just 0.75 miles from the corporate headquarters of Publix Supermarkets. It also benefits from its proximity to Interstate 4 and the Lakeland...

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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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