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Views: 144 DOM: 142 Updated: 10.16.24 Posted: 06.26.24 Status: Active

Summary

Price $962,825
Built/Renov 2015
Tenant Dollar General
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 07-18-2015
#Units 19,986
Price/SF $106.67
Expiration 06-30-2030
Tenant Type Dollar/Discount
NOI $77,026
R. Term 5.7
Ownership Fee Simple
Rent/SF $8.53
Increases 10.0%/6/yrs
Pop 5Mi 11,759
Lot/AC 1.24
Options 3/5yrs/10%
AHHI 5Mi $71,371

Lease Highlights

  • Dollar General has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on State Hwy 10, with access to 12,500 vehicles passing by daily. The property benefits from no competition in the immediate trade area, being the only Dollar General within a 20-mile radius. Additionally, it boasts excellent visibility through street frontage and a large pylon sign. Furthermore, the site is adjacent to Fort Johnson, a significant...

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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 : 1,519 9,029 11,055
2024 Total Population : 1,551 9,442 11,541
2024 Employed Civilian Pop : 481 1,919 2,643
2024 Total Businesses : 30 228 366
2024 Average Household Income : $ 65,447 $ 70,738 $ 72,371
2024 Total Consumer Spending : $ 37 M $ 191 M $ 248 M
2024 Median Age : 25 26 27
2024 Total Households : 638 3,039 3,857
2024 Pop Age 25+: Bachelor's Degree : 116 935 1,140
2024 Average Home Value : $ 185,714 $ 180,789 $ 191,312
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Shady Oaks Road Pitkin Rd 2022 333 0.18 mi
Graham Road Pitkin Rd 2022 671 0.32 mi
McManus Road Pitkin Rd 2022 122 0.32 mi
Bundicks Road Pitkin Rd 2022 616 0.43 mi
Bundicks Road Carman Oakes Rd 2022 363 0.50 mi
Pitkin Highway State Rte 467 2022 12,440 0.56 mi
Tanner Road McKellar Rd 2022 450 0.69 mi
Pitkin Highway University Pkwy 2022 6,131 0.77 mi
University Parkway Burgundy St 2022 4,355 0.81 mi
Lebleu Road Pitkin Rd 2022 412 1.07 mi

Listing Broker

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