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Views: 54 Updated: 09.30.24 Posted: 07.15.24 Status: Inactive

Summary

Price $2,175,904
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-10-2024
#Units 19,986
Price/SF $204.50
Expiration 07-31-2039
Tenant Type Dollar/Discount
NOI $135,994
R. Term 14.7
Ownership Fee Simple
Rent/SF $12.78
Increases 5.0%/5/yrs
Pop 5Mi 64,219
Lot/AC 1.53
Options 4/5yrs/5%
AHHI 5Mi $104,316

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of NE Buckner Tarsney Road and NE Hoot Owl Lane, conveniently situated off I-70, the main freeway. The property enjoys its proximity just up the street from the primary retail corridor anchored by a Price Chopper grocery store. Additionally, it is adjacent to Greystone Townhomes, several hotels, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corporation
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,982 23,235 64,572
2024 Total Population : 4,865 23,032 64,219
2024 Employed Civilian Pop : 2,615 12,670 35,303
2024 Total Businesses : 111 505 2,029
2024 Average Household Income : $ 110,228 $ 110,573 $ 104,316
2024 Total Consumer Spending : $ 154 M $ 785 M $ 2157 M
2024 Median Age : 34 38 37
2024 Total Households : 1,605 8,182 23,696
2024 Pop Age 25+: Bachelor's Degree : 568 3,218 8,775
2024 Average Home Value : $ 334,556 $ 304,050 $ 305,543
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Buckner Tarsney Rd E Duncan Rd 2007 7,530 0.06 mi
S Buckner Tarsney Rd E Duncan Rd 2007 6,210 0.19 mi
E Duncan Rd S Rust Rd 2008 2,246 0.23 mi
E Duncan Rd S Seymour Rd 2007 323 0.29 mi
N Rust Rd W Rust Rd 2011 799 0.43 mi
S Rust Rd NW Rust Ct 2014 345 0.63 mi
South Buckner Tarsney Road / Missouri BB E Pink Hill Rd 2022 4,234 0.66 mi
East Duncan Road NW Woodbury Dr 2022 4,264 0.67 mi
Sweeney Rd E Pink Hill Rd 2014 137 0.68 mi
Jefferson Rd Jefferson Ct 2007 1,460 0.81 mi

Listing Broker

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