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Views: 115 DOM: 175 Updated: 08.30.24 Posted: 03.25.24 Status: Contract

Summary

Price $1,369,515
Built/Renov 2011
Tenant Dollar General
Cap Rate 8.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 06-29-2011
#Units 19,986
Price/SF $151.93
Expiration 06-30-2026
Tenant Type Dollar/Discount
NOI $112,985
R. Term 1.9
Ownership Fee Simple
Rent/SF $12.53
Increases 10.0%/2/yrs
Pop 5Mi 101,394
Lot/AC 1.25
Options 4/5yrs/10%
AHHI 5Mi $77,841

Lease Highlights

  • Dollar General has 2+ years remaining on its current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Upgraded Brick construction
  • Corporate guaranteed lease (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located on Ogeechee Road/Highway 17, with access to 29,500 vehicles passing by daily. The property is surrounded by well-known national retailers including Badcock Home Furniture, Bojangles, Mavis Tires & Brakes, Dunkin’, Taco Bell, and Firehouse Subs, and more. Furthermore, it is situated within a densely populated residential area, surrounded by various...

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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 : 2,360 19,786 103,834
2023 Total Population : 2,162 19,032 101,394
2023 Employed Civilian Pop : 1,067 8,341 45,287
2023 Total Businesses : 173 976 5,171
2023 Average Household Income : $ 54,989 $ 78,898 $ 77,841
2023 Total Consumer Spending : $ 47 M $ 482 M $ 2716 M
2023 Median Age : 34 34 34
2023 Total Households : 968 6,985 39,879
2023 Pop Age 25+: Bachelor's Degree : 261 2,191 13,155
2023 Average Home Value : $ 239,161 $ 271,980 $ 284,800
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Buckhalter Road Buckhalter Mhp 2019 260 0.53 mi
Pineland Dr Tower Dr 2004 774 0.66 mi
Chatham Parkway Red Gate Farm Trl 2019 17,100 0.74 mi
Ogeechee Road Barbour Dr 2019 26,500 0.79 mi
Chatham Pkwy 2019 4,900 0.92 mi
Chatham Pkwy 2019 2,660 0.93 mi
Chatham Pkwy Veterans Pkwy 2019 3,290 1.00 mi
Chatham Pkwy Veterans Pkwy 2019 3,230 1.00 mi
Buckhalter Road Pyeland Ave 2019 1,430 1.04 mi
Wright Avenue Ogeechee Rd 2018 20 1.07 mi

Listing Broker

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