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Views: 124 DOM: 222 Updated: 08.02.24 Posted: 05.13.24 Status: Active

Summary

Price $2,607,000
Built/Renov 2022
Tenant Dollar General
Cap Rate 5.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 11-15-2022
#Units 19,986
Price/SF $245.02
Expiration 11-15-2037
Tenant Type Dollar/Discount
NOI $146,043
R. Term 12.11
Ownership Fee Simple
Rent/SF $13.73
Increases 10.0%/5/yrs
Pop 5Mi 96,856
Lot/AC 3.40
Options 3/5yrs/10%
AHHI 5Mi $98,115

Lease Highlights

  • New 2022 construction
  • Dollar General has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Rubber Avenue, situated next to Naugatuck High School. The property is also near a Stop & Shop anchored shopping center, as well as a McDonald’s, Dunkin’, Valvoline, Enterprise, and more. The 5-mile trade area is supported by a population of 96,856 residents with an average household income of $98,115. Naugatuck is a consolidated borough and town in...

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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
2029 Total Population : 8,441 36,410 98,299
2024 Total Population : 8,526 36,693 98,159
2024 Employed Civilian Pop : 4,761 20,168 50,428
2024 Total Businesses : 204 1,094 4,257
2024 Average Household Income : $ 117,034 $ 123,397 $ 113,784
2024 Total Consumer Spending : $ 371 M $ 1590 M $ 3911 M
2024 Median Age : 41 41 41
2024 Total Households : 3,627 14,771 39,318
2024 Pop Age 25+: Bachelor's Degree : 1,079 4,621 11,619
2024 Average Home Value : $ 323,982 $ 355,071 $ 356,480
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rubber Avenue Neumann St 2022 296 0.04 mi
Rubber Avenue Cherry St 2021 5,300 0.11 mi
Millville Ave Lorann Dr 2012 2,200 0.25 mi
Neumann Street Rubber Ave 2018 7,300 0.28 mi
Neumann Street Rubber Ave 2021 5,200 0.29 mi
Rubber Avenue Brookside Ave 2022 296 0.33 mi
Jones Road Webb Rd 2021 2,500 0.40 mi
Jones Rd Webb Rd 2012 3,100 0.40 mi
Hoadley Street West St 2021 2,300 0.53 mi
Jones Rd Webb Rd 2012 1,900 0.55 mi

Listing Broker

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