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Views: 120 DOM: 280 Updated: 07.24.24 Posted: 12.11.23 Status: Active

Summary

Price $1,624,781
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 7.10%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 11,305
Lease Start 12-11-2023
#Units 19,986
Price/SF $143.72
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $115,359
R. Term 14.3
Ownership Fee Simple
Rent/SF $10.20
Increases 10.0%/5/yrs
Pop 5Mi 3,276
Lot/AC 3.08
Options 5/5yrs/10%
AHHI 5Mi $63,803

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General Plus recently executed a brand-new 15-year lease with 5 (5-year) options
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Corporate guaranteed lease

Location Description

Dollar General Plus is strategically located along Northumberland Highway, with access to 6,927 vehicles passing by daily. Situated within the Richmond-Petersburg Designated Market Area, it serves as a main thoroughfare connecting cities. This prime location is further enhanced by the limited competition in the vicinity. Additionally, it is adjacent to Food Lion, recognized as a top-performing...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 89 882 3,296
2023 Total Population : 90 892 3,336
2023 Employed Civilian Pop : 36 344 1,261
2023 Total Businesses : 50 93 150
2023 Average Household Income : $ 73,385 $ 77,567 $ 79,789
2023 Total Consumer Spending : $ 3 M $ 28 M $ 110 M
2023 Median Age : 54 56 56
2023 Total Households : 48 414 1,533
2023 Pop Age 25+: Bachelor's Degree : 11 111 433
2023 Average Home Value : $ 260,465 $ 293,750 $ 317,644
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SR 1001 Northumberland Hwy 2020 710 0.38 mi
SR 1001 Back St 2020 140 0.42 mi
SR 1001 Back St 2020 170 0.46 mi
Northumberland Highway Rowes Landing Rd 2018 6,800 0.82 mi
Northumberland Highway Rowes Landing Rd 2021 8,400 0.82 mi
Spring Road Northumberland Hwy 2021 440 1.03 mi
R-VA066SC00601NB Rowes Pl 2020 80 1.22 mi
Academic Ln Northumberland Hwy 2011 1,300 1.35 mi
(Rt 630) (s R 720) 2016 700 1.50 mi
Walnut Point Road Kelley Ln 2020 780 1.61 mi

Listing Broker

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