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Views: 154 Updated: 11.14.24 Posted: 08.10.23 Status: Inactive 11.14.24

Summary

Price $1,455,400
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 08-15-2023
#Units 19,986
Price/SF $136.79
Expiration 08-31-2038
Tenant Type Dollar/Discount
NOI $105,515
R. Term 13.8
Ownership Fee Simple
Rent/SF $9.92
Increases 10.0%/15/yrs
Pop 5Mi 6,173
Lot/AC 2.10
Options 3/5yrs/10%
AHHI 5Mi $109,771

Lease Highlights

  • 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
  • Tenant recently signed a 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 lease | Zero landlord responsibilities
  • Corporate guaranteed by Dollar General Corporation (NYSE: DG)
  • Dollar General is an investment grade tenant

Location Description

This newly constructed Dollar General is strategically fronting Ridge Road/State Highway 34B with access to 8,900 vehicles passing by daily. The subject property has excellent visibility via street frontage providing ease and convenience for customers. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade...

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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 : 316 1,763 6,060
2023 Total Population : 322 1,799 6,130
2023 Employed Civilian Pop : 175 980 3,234
2023 Total Businesses : 6 25 233
2023 Average Household Income : $ 106,410 $ 107,726 $ 109,170
2023 Total Consumer Spending : $ 13 M $ 69 M $ 252 M
2023 Median Age : 46 47 49
2023 Total Households : 145 750 2,695
2023 Pop Age 25+: Bachelor's Degree : 66 347 1,169
2023 Average Home Value : $ 356,750 $ 345,207 $ 355,489
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ridge Road Town Line Rd 2021 2,781 0.47 mi
CR 184 Davis Rd 2021 209 0.99 mi
CR 155 Jerry Smith Rd 2021 907 1.68 mi
CR 189 Davis Rd 2021 97 1.86 mi
Lockerby Hill Rd 2021 328 2.27 mi
Fenner Rd 2021 498 2.32 mi
Taughannock State Park Access Rd Taughannock Blvd 2006 3,220 2.56 mi
Ridge Rd Co Rd 155 2006 8,900 2.60 mi
Miliken Power Plant Access Rd 2021 64 2.62 mi
S Frontenac Rd 2021 164 2.79 mi

Listing Broker

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