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Views: 113 Updated: 11.14.24 Posted: 08.10.23 Status: Inactive 11.14.24

Summary

Price $1,516,200
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 06-19-2022
#Units 19,986
Price/SF $142.50
Expiration 06-30-2037
Tenant Type Dollar/Discount
NOI $109,925
R. Term 12.6
Ownership Fee Simple
Rent/SF $10.33
Increases 10.0%/14/yrs
Pop 5Mi 3,978
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $64,113

Lease Highlights

  • 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
  • Tenant signed a 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease by Dollar General Corporation (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Dollar General is located along Raystown Road with access to 2,000 vehicles passing by daily. The subject property’s remote location on the mountain/country road serves the surrounding trout fishing rivers and trade areas serving the towns of Hopewell and Riddlesburg. The site also has excellent visibility via street sign frontage, increasing consumer draw to the site....

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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 : 478 1,555 3,976
2023 Total Population : 484 1,573 4,028
2023 Employed Civilian Pop : 174 554 1,547
2023 Total Businesses : 14 37 125
2023 Average Household Income : $ 60,090 $ 60,206 $ 63,025
2023 Total Consumer Spending : $ 9 M $ 33 M $ 95 M
2023 Median Age : 42 43 45
2023 Total Households : 183 625 1,680
2023 Pop Age 25+: Bachelor's Degree : 26 67 215
2023 Average Home Value : $ 182,823 $ 157,961 $ 158,109
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Raystown Road Hoosier Rd 2021 1,870 0.24 mi
Raystown Road Basic Ln 2020 1,700 0.24 mi
Front St Raystown Rd 2017 755 0.65 mi
Raystown Rd T526 2016 1,869 0.97 mi
Sandy Run Rd T704 2017 755 1.07 mi
Longs Run Rd Leighty Rd 2017 198 1.07 mi
Sandy Run Road Hemlock St 2021 817 1.17 mi
Dell Road Sandy Run Rd 2021 217 1.31 mi
Dell Rd Sandy Run Rd 2019 210 1.31 mi
Main St Applemans Way 2017 1,747 1.35 mi

Listing Broker

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