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Views: 172 Updated: 06.20.24 Posted: 12.02.23 Status: Inactive 10.03.24

Summary

Price $2,455,000
Built/Renov 2022
Tenant Dollar General Market
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 08-25-2022
#Units 19,986
Price/SF $193.51
Expiration 08-31-2037
Tenant Type Dollar/Discount
NOI $147,300
R. Term 12.8
Ownership Fee Simple
Rent/SF $11.61
Increases 10.0%/14/yrs
Pop 5Mi 2,465
Lot/AC 2.00
Options 5/5yrs/10%
AHHI 5Mi $56,619

Lease Highlights

  • Dollar General Market has executed a brand-new 15-year lease in August of 2022 with 5 (5-year) options to extend
  • 10% rental increase at each option to extend the lease
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the hard, signalized corner of State Highway 79 and Sapp Avenue which averages 8,500 vehicles per day. The subject property is a relocation store of a high-performing smaller prototype and ranks in the 91st percentile of Nationwide DG’s per Placer.AI. It was built in 2022 and features state-of-the-art materials, high-level finishes, and...

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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 : 462 1,208 2,460
2023 Total Population : 471 1,213 2,465
2023 Employed Civilian Pop : 166 402 757
2023 Total Businesses : 23 40 51
2023 Average Household Income : $ 52,453 $ 55,938 $ 56,619
2023 Total Consumer Spending : $ 9 M $ 25 M $ 50 M
2023 Median Age : 45 43 43
2023 Total Households : 204 498 990
2023 Pop Age 25+: Bachelor's Degree : 15 60 124
2023 Average Home Value : $ 252,372 $ 231,003 $ 218,579
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street McFatter Ave 2021 8,500 0.13 mi
Main Street Main St 2022 9,700 0.13 mi
Church St 2022 5,000 0.30 mi
Roche Avenue Church St 2022 5,000 0.32 mi
Roche Avenue Pioneer Rd 2022 5,000 0.49 mi
Main Street Jackson Ave 2021 7,400 0.55 mi
Creek Rd Holmes Creek Rd 2005 850 0.68 mi
Pioneer Rd Roche Ave 2005 1,000 1.15 mi
Main Street Spool Mill Rd 2022 6,500 1.17 mi
Main Street Hwy 79 2021 5,900 1.18 mi

Listing Broker

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