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Views: 221 DOM: 183 Updated: 10.29.24 Posted: 06.21.24 Status: Active

Summary

Price $2,027,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 06-22-2024
#Units 19,986
Price/SF $191.84
Expiration 06-22-2039
Tenant Type Dollar/Discount
NOI $129,732
R. Term 14.6
Ownership Fee Simple
Rent/SF $12.28
Increases 5.0%/5/yrs
Pop 5Mi 62,210
Lot/AC 1.35
Options 5/5yrs/5%
AHHI 5Mi $72,747

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • 5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Sardis Rd, with access to 4,681 vehicles passing by daily. The property is conveniently situated in the most active retail area within this market and just south of I-30. The immediate area features well-known national tenants, including Kroger, Walmart, H&M, Old Navy, GameStop, The Home Depot, and more. The 5-mile trade area is supported by a...

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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 : 2,264 20,100 65,416
2024 Total Population : 2,230 19,067 63,353
2024 Employed Civilian Pop : 857 9,359 31,278
2024 Total Businesses : 27 493 1,627
2024 Average Household Income : $ 70,706 $ 77,346 $ 74,963
2024 Total Consumer Spending : $ 53 M $ 496 M $ 1651 M
2024 Median Age : 39 36 36
2024 Total Households : 851 7,189 24,680
2024 Pop Age 25+: Bachelor's Degree : 200 1,642 5,898
2024 Average Home Value : $ 188,823 $ 213,840 $ 222,533
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sardis Rd Daniel Ln 2017 4,700 0.32 mi
SARDISRD 2020 4,800 0.36 mi
Sardis Road Daniel Ln 2021 4,500 0.36 mi
Sardis Road Branch Dell Dr 2021 4,100 0.39 mi
Heinke Road Johnson Rd 2021 1,300 0.73 mi
North Sardis Road Ranson Dr 2021 3,500 0.81 mi
Heinke Road Sunrise Cir 2021 920 0.82 mi
Vimy Ridge Rd County Line Rd 2017 10,000 1.45 mi
VIMYRIDGERD 2020 10,000 1.52 mi
Vimy Ridge Road Sherri Marie Dr 2021 9,900 1.52 mi

Listing Broker

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