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Views: 218 DOM: 458 Updated: 11.14.24 Posted: 09.02.23 Status: Contract 05.11.24

Summary

Price $1,302,500
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 01-27-2022
#Units 19,986
Price/SF $143.13
Expiration 01-26-2037
Tenant Type Dollar/Discount
NOI $94,432
R. Term 12.1
Ownership Fee Simple
Rent/SF $10.38
Increases 10.0%/4/yrs
Pop 5Mi 3,910
Lot/AC 2.36
Options 3/5yrs/10%
AHHI 5Mi $60,165

Lease Highlights

  • Brand new construction which features high-level finishes and distinct design elements
  • Dollar General recently signed a brand-new 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar General is conveniently positioned directly off State Highway 68 (3,800 VPD), which serves as the main route for Sligo and the surrounding trade area. This particular property marks the first discount/dollar store in Sligo, giving it a significant advantage with virtually no competition. The nearest discount/dollar store is located more than 6 miles away from this location, further...

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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 : 831 1,503 3,529
2023 Total Population : 834 1,518 3,583
2023 Employed Civilian Pop : 305 592 1,435
2023 Total Businesses : 20 40 109
2023 Average Household Income : $ 65,011 $ 69,032 $ 69,368
2023 Total Consumer Spending : $ 18 M $ 38 M $ 91 M
2023 Median Age : 47 47 45
2023 Total Households : 322 627 1,477
2023 Pop Age 25+: Bachelor's Degree : 74 151 323
2023 Average Home Value : $ 178,187 $ 200,677 $ 203,482
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Five Pointe Rd 2021 3,232 0.22 mi
State Rte 68 Front St 2017 3,755 0.26 mi
State Rte 68 McEwen Rd 2019 2,935 0.29 mi
State Rte 58 Main St 2017 1,753 0.66 mi
Colrain Street Licking St 2021 4,076 0.67 mi
Colrain Street Sherman St 2019 3,397 0.67 mi
Huckleberry Ridge State Hwy68 2019 641 1.11 mi
Huckleberry Ridge Stopp Rd 2021 670 1.38 mi
State Rte 68 Huey Rd 2017 3,333 1.51 mi
Shannon Tipple Road State Hwy68 2021 73 1.72 mi

Listing Broker

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