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Views: 111 Updated: 03.27.24 Posted: 03.16.23 Status: Inactive

Summary

Price $2,192,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.05%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 04-01-2023
#Units 19,294
Price/SF $206.02
Expiration 03-31-2038
Tenant Type Dollar/Discount
NOI $132,644
R. Term 13.6
Ownership Fee Simple
Rent/SF $12.47
Increases 5.0%/5/yrs
Pop 5Mi 44,575
Lot/AC 1.68
Options 5/5yrs/5%
AHHI 5Mi $189,591

Lease Highlights

  • Brand-new construction 2023
  • Dollar General recently signed a brand-new 15-year lease with 5 (5-Year) options to extend
  • The lease features 5% increases every 5 years during the initial term and 10% increases at the beginning of the option periods
  • Absolute NNN | Presents zero landlord responsibilities
  • Corporate guaranteed by Dollar General Corp. (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Dollar General is located at the hard corner intersection of Riley Road and Broad Run Church Road which sees 3,400 vehicles passing per day and is also minutes from U.S. Highway 29 & 15 which sees 49,000 vehicles per day. This location features state of the art materials, high level finishes, and Dollar General’s newest wood & brick prototype. The subject property...

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Maps

  • 1 Mile
  • 3 Miles
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,607 16,304 49,252
2023 Total Population : 1,565 15,704 47,354
2023 Employed Civilian Pop : 701 7,639 25,123
2023 Total Businesses : 55 361 1,078
2023 Average Household Income : $ 206,620 $ 208,348 $ 195,326
2023 Total Consumer Spending : $ 82 M $ 904 M $ 2442 M
2023 Median Age : 39 42 38
2023 Total Households : 480 5,211 14,919
2023 Pop Age 25+: Bachelor's Degree : 389 3,714 10,157
2023 Average Home Value : $ 564,262 $ 618,369 $ 610,455
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Broad Run Church Road Riley Rd 2018 2,800 0.15 mi
Broad Run Church Rd Riley Rd 2016 2,800 0.15 mi
Riley Road Broken Hills Rd 2021 3,300 0.29 mi
Riley Road Lee Hwy 2020 2,800 0.32 mi
Riley Road Lee Hwy 2021 3,100 0.32 mi
Riley Rd Broken Hills Rd 2016 2,100 0.37 mi
Broad Run Church Road Phoenix Hill Ln 2020 2,600 0.43 mi
Broad Run Church Road Phoenix Hill Ln 2018 3,400 0.45 mi
Commerce Ct Business Blvd 2015 1,700 0.52 mi
Broad Run Church Road Pinewood Ln 2020 1,400 0.59 mi

Listing Broker

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