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Views: 114 DOM: 192 Updated: 10.31.24 Posted: 05.13.24 Status: Active

Summary

Price $2,193,846
Built/Renov 2016
Tenant Dollar General
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,500
Lease Start 01-01-2017
#Units 19,986
Price/SF $292.51
Expiration 12-31-2031
Tenant Type Dollar/Discount
NOI $128,340
R. Term 7.1
Ownership Fee Simple
Rent/SF $17.11
Increases 10.0%/5/yrs
Pop 5Mi 272,360
Lot/AC 0.69
Options 3/5yrs/10%
AHHI 5Mi $84,239

Lease Highlights

  • Dollar General has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • 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 Wethersfield Avenue and Brown Street/Airport Road, with access to a combined daily traffic count of 35,180 vehicles. The property is conveniently situated 0.4 miles from Interstate 91, which boasts an average daily traffic count exceeding 130,857 vehicles. The area is surrounded by well-known national...

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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 : 23,726 130,187 274,185
2024 Total Population : 24,458 131,926 277,835
2024 Employed Civilian Pop : 11,048 61,699 135,472
2024 Total Businesses : 1,061 8,043 15,127
2024 Average Household Income : $ 64,950 $ 78,999 $ 104,049
2024 Total Consumer Spending : $ 522 M $ 3864 M $ 10336 M
2024 Median Age : 34 36 38
2024 Total Households : 9,045 55,054 112,885
2024 Pop Age 25+: Bachelor's Degree : 1,392 13,711 36,895
2024 Average Home Value : $ 301,486 $ 291,817 $ 347,787
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Airport Rd Wethersfield Ave 2012 19,700 0.09 mi
Wethersfield Avenue Bliss St 2018 12,000 0.19 mi
E Main St Sidney St 2018 22,700 0.19 mi
Airport Rd Ledyard St 2012 21,200 0.22 mi
Franklin Avenue Roosevelt St 2021 5,700 0.25 mi
Redding St 2022 463 0.27 mi
Wethersfield Avenue Bliss St 2021 12,200 0.27 mi
Airport Road Locust St 2018 29,300 0.30 mi
Airport Road Locust St 2022 1,901 0.31 mi
Preston Street Winship St 2021 4,300 0.36 mi

Listing Broker

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