loader
Join Free
Views: 98 DOM: 84 Updated: 10.30.24 Posted: 09.10.24 Status: Active

Summary

Price $1,066,568
Built/Renov 2018
Tenant Dollar General
Cap Rate 8.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,413
Lease Start 10-05-2017
#Units 19,986
Price/SF $113.31
Expiration 10-31-2033
Tenant Type Dollar/Discount
NOI $86,392
R. Term 8.11
Ownership Fee Simple
Rent/SF $9.18
Increases 10.0%/8/yrs
Pop 5Mi 1,829
Lot/AC 2.00
Options 5/5yrs/10%
AHHI 5Mi $55,688

Lease Highlights

  • Dollar General has 9 years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of N Woodbridge Road and W Lincoln Street, with access to a combined daily traffic count of 5,154 vehicles. The property is within proximity to prominent national tenants, including Family Dollar, Dollar General, 7-Eleven, Burger King, and Subway, and more. Key educational institutions in the nearby area...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 145 702 1,248
2023 Total Population : 148 716 1,272
2023 Employed Civilian Pop : 61 272 475
2023 Total Businesses : 9 15 25
2023 Average Household Income : $ 80,761 $ 72,028 $ 70,567
2023 Total Consumer Spending : $ 5 M $ 21 M $ 37 M
2023 Median Age : 51 51 50
2023 Total Households : 76 328 584
2023 Pop Age 25+: Bachelor's Degree : 13 48 79
2023 Average Home Value : $ 227,652 $ 219,293 $ 218,485
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
9 Mile Road W 9 Mile Rd 2022 291 0.53 mi
M 37 N Woodbridge Rd 2021 427 0.95 mi
West Pierce Drive N Woodbridge Rd 2022 426 0.95 mi
N Woodbridge Rd W Pierce Dr 2015 2,400 1.15 mi
West 11 Mile Road N Woodbridge Rd 2018 694 1.54 mi
W 11 Mile Rd N Woodbridge Rd 2005 790 1.54 mi
11 MILE RD Ferris Ave 2020 838 1.84 mi
1 MILE W OF M-37 (MERRILL TWP) N Woodbridge Rd 2021 909 1.84 mi
West 11 Mile Road 23rd St 2022 907 1.84 mi
W 11 Mile Rd 25th Ave 2005 840 2.64 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity