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Views: 139 Updated: 12.12.23 Posted: 09.06.23 Status: Inactive

Summary

Price $1,667,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,542
Lease Start 03-26-2023
#Units 19,294
Price/SF $158.13
Expiration 03-31-2038
Tenant Type Dollar/Discount
NOI $106,704
R. Term 13.6
Ownership Fee Simple
Rent/SF $10.12
Increases 10.0%/15/yrs
Pop 5Mi 19,427
Lot/AC 1.94
Options 5/5yrs/10%
AHHI 5Mi $66,898

Lease Highlights

  • Brand new 2023 construction
  • Dollar General recently signed a brand-new 15-year lease with 5 (5-year) options to extend
  • Lease features a 10% rental increase at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

This newly constructed 10,542 square foot Dollar General is located on a 1.94-acre parcel along Ramsey Road. The location benefits from its convenient proximity to I-10, which sees a high daily traffic count of 45,043 vehicles passing by daily. The site is situated in a rural residential area providing a direct consumer base and benefits from limited competition. The 5-mile trade area is...

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Maps

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  • 5 Miles

Tenant

  • Tenant: Dollar General
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 928 7,716 18,206
2023 Total Population : 940 7,754 18,302
2023 Employed Civilian Pop : 395 3,407 8,059
2023 Total Businesses : 9 120 227
2023 Average Household Income : $ 74,386 $ 78,445 $ 76,692
2023 Total Consumer Spending : $ 22 M $ 200 M $ 456 M
2023 Median Age : 39 39 39
2023 Total Households : 338 2,886 6,741
2023 Pop Age 25+: Bachelor's Degree : 15 354 1,022
2023 Average Home Value : $ 221,250 $ 205,785 $ 193,482
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ramsey Rd Government Blvd 2002 5,520 1.01 mi
Government Boulevard Mose Ln 2021 5,259 1.09 mi
Government Boulevard Mount Pisgah Church Rd 2020 5,259 1.09 mi
Grand Bay-Bayou La Batre Highway Tom Gunn Rd 2018 5,123 1.56 mi
Two Mile Road Saeger Rd 2021 4,726 1.59 mi
Grand Bay-Bayou La Batre Highway Lakeland Dr 2020 4,392 1.60 mi
Grand Bay-Bayou La Batre Highway Strickland Rd 2021 4,392 1.61 mi
I 10 Grand Bay Wilmer Rd 2021 45,043 1.95 mi
Grand Bay Wilmer Road Warren Creek Rd 2021 7,531 2.14 mi
Grand Bay Wilmer Rd 2021 3,813 2.15 mi

Listing Broker

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