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Views: 149 DOM: 129 Updated: 10.29.24 Posted: 07.15.24 Status: Active

Summary

Price $2,319,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-12-2024
#Units 19,986
Price/SF $217.95
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $148,416
R. Term 14.9
Ownership Fee Simple
Rent/SF $13.95
Increases 5.0%/5/yrs
Pop 5Mi 9,936
Lot/AC 1.70
Options 5/5yrs/5%
AHHI 5Mi $58,911

Lease Highlights

  • Brand-new 2024 contrition
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of Pisgah Road and Highway 221 North, with access to 5,768 vehicles passing by daily. The property is within proximity to well-known national tenants including Wells Fargo, DaVita, Walmart, Walgreens, Winn Dixie, and more. The 5-mile trade area supports a population of 9,936 residents with an average...

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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
2029 Total Population : 547 4,475 10,192
2024 Total Population : 546 4,506 10,166
2024 Employed Civilian Pop : 209 1,767 3,961
2024 Total Businesses : 14 122 519
2024 Average Household Income : $ 77,775 $ 79,432 $ 70,486
2024 Total Consumer Spending : $ 15 M $ 132 M $ 260 M
2024 Median Age : 45 43 42
2024 Total Households : 221 1,845 4,104
2024 Pop Age 25+: Bachelor's Degree : 60 438 945
2024 Average Home Value : $ 175,265 $ 161,035 $ 163,788
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Green Farm Road Jimmy Archer Rd 2022 350 0.48 mi
Roberts Aman Road Joel Aman Rd 2022 550 1.06 mi
Wright Road Parker Rd 2022 1,300 1.27 mi
Pisgah Road McDaniel Rd 2022 800 1.34 mi
Co Rd 100A 2022 6,500 1.50 mi
US Hwy 221 Boyd Rd 2005 3,600 1.62 mi
N Byron Butler Pkwy Pisgah Church Rd 2005 7,000 1.68 mi
Andrew Reams Rd 2022 7,600 1.95 mi
Will Clark Rd 2022 5,000 1.96 mi
Slaughter Road Lundy Ln 2022 700 2.00 mi

Listing Broker

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