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Views: 92 Updated: 11.28.23 Posted: 09.02.23 Status: Inactive 03.12.24

Summary

Price $1,696,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-01-2023
#Units 19,294
Price/SF $159.40
Expiration 06-30-2038
Tenant Type Dollar/Discount
NOI $106,000
R. Term 13.3
Ownership Fee Simple
Rent/SF $9.96
Increases 10.0%/15/yrs
Pop 5Mi 1,089
Lot/AC 1.33
Options 3/5yrs/10%
AHHI 5Mi $59,476

Lease Highlights

  • 2023 construction featuring a state-of the-art design using the highest-grade materials available
  • The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option period
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Dollar General is strategically located at the hard corner intersection of State Highway 134 and State Highway 34 with approximately 3,500 vehicles passing by daily. The two major routes make this a centralized location with easy commutes for both employees and customers. The subject property is among the very few variety stores in the surrounding trade area, creating a...

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  • 1 Mile
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  • 5 Miles

Tenant

  • Tenant: Dolgencorp, LLC
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Listing Broker

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Sean Lutz

SRS National Net Lease Group

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  • 24 Listings
  • 4414 Views
  • 8 Sold
Dan Elliot

SRS National Net Lease Group

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  • 24 Listings
  • 4414 Views
  • 8 Sold

Sean joined SRS with more than fifteen years of experience in commercial real estate. Along with Dan Elliot, he was responsible for leading the net lease group at SVN Commercial Real Estate Advisors. He specializes in the disposition and sale of net leased investment properties across the country and has completed more than 500 transactions with a sales volume in excess of $1 billion. Sean has an extensive client list ranging from private investors to some of the largest U.S. investment funds a

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Dan joined SRS with nearly fifteen years of experience in real estate, both as an advisor and investor, and has worked exclusively with clients in the acquisition and disposition of leased investment properties nationwide. Dan, along with Sean Lutz, led the net lease group at SVN Commercial Real Estate Advisors, and has experience in single-tenant sales, anchored and unanchored shopping center sales, power center and portfolio dispositions and pre-development sales. He has a long list of repeat

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