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Views: 119 DOM: 273 Updated: 10.30.24 Posted: 02.22.24 Status: Active

Summary

Price $1,238,993
Built/Renov 2021
Tenant Dollar General
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,139
Lease Start 02-10-2021
#Units 19,986
Price/SF $135.57
Expiration 02-29-2036
Tenant Type Dollar/Discount
NOI $91,066
R. Term 11.3
Ownership Fee Simple
Rent/SF $9.96
Increases 10.0%/12/yrs
Pop 5Mi 1,899
Lot/AC 1.36
Options 4/5yrs/10%
AHHI 5Mi $53,324

Lease Highlights

  • Dollar General has 11+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of Johnny Bush Road and Highway 28, with access to 2,710 vehicles per day. This prime location is further enhanced by limited competition in the area. The 5-mile trade area is supported by a population of 1,899 residents with an average household income of $53,324. Pinola is an unincorporated community in...

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Maps

  • 1 Mile
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  • 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 : 68 543 1,595
2023 Total Population : 68 542 1,597
2023 Employed Civilian Pop : 29 200 594
2023 Total Businesses : 1 9 16
2023 Average Household Income : $ 71,044 $ 67,364 $ 66,731
2023 Total Consumer Spending : $ 1 M $ 11 M $ 38 M
2023 Median Age : 42 42 41
2023 Total Households : 21 196 635
2023 Pop Age 25+: Bachelor's Degree : 6 23 118
2023 Average Home Value : $ 101,389 $ 116,903 $ 106,732
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Johnny Bush Rd 2021 1,800 0.35 mi
State Hwy 28 J E White Rd 2018 2,400 0.82 mi
Robert Bush Road Mud Rd 2021 100 0.97 mi
Pilgrim Rest Church Rd 2021 2,600 1.25 mi
State Hwy 28 Let C Farm Rd 2018 2,400 1.36 mi
State Hwy 43 Coke Rd 2008 2,100 1.67 mi
Bryant Dr 2021 1,300 1.71 mi
Jupiter Road Coleman Rd 2021 80 1.96 mi
Old Westville Road John Fortenberry Rd 2021 30 2.12 mi
Katie Bush Road Bertha Mangum Rd 2021 20 2.74 mi

Listing Broker

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