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Views: 162 DOM: 197 Updated: 10.31.24 Posted: 05.08.24 Status: Active

Summary

Price $2,970,800
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 02-01-2024
#Units 19,986
Price/SF $279.21
Expiration 02-01-2039
Tenant Type Dollar/Discount
NOI $185,676
R. Term 14.2
Ownership Fee Simple
Rent/SF $17.45
Increases 10.0%/5/yrs
Pop 5Mi 63,571
Lot/AC 1.64
Options 3/5yrs/10%
AHHI 5Mi $130,934

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on East Main Street, with access to 5,461 vehicles passing by daily. The property is in proximity to Rockville General Hospital and the New England Motorcycle Museum. The surrounding area boasts well-known national tenants including NAPA, Ace Hardware, Walgreens, Dollar Tree, Ford, and more. The 5-mile trade area is supported by a population of 63,571...

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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 : 10,599 34,573 63,196
2023 Total Population : 10,565 34,698 63,571
2023 Employed Civilian Pop : 5,335 19,207 34,930
2023 Total Businesses : 309 1,141 2,053
2023 Average Household Income : $ 70,572 $ 96,649 $ 117,549
2023 Total Consumer Spending : $ 287 M $ 1299 M $ 2714 M
2023 Median Age : 38 41 44
2023 Total Households : 4,703 15,606 27,082
2023 Pop Age 25+: Bachelor's Degree : 1,046 5,966 12,561
2023 Average Home Value : $ 233,681 $ 269,937 $ 305,360
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Main Street Park St 2020 5,500 0.04 mi
W Main St Union St 2012 8,900 0.12 mi
East Main Street Prospect St 2020 5,200 0.13 mi
Prospect Street Gaynor Pl 2020 650 0.14 mi
Elm Street PkPl 2020 550 0.18 mi
East Main Street Prospect St 2020 10,200 0.19 mi
Grove St Laurel St 2011 8,100 0.22 mi
E Main St Ann St 2012 3,400 0.27 mi
Ellington Ave Talcott Ave 2011 2,100 0.29 mi
Ellington Avenue Talcott Ave 2020 1,200 0.32 mi

Listing Broker

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