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Views: 69 DOM: 74 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,869,390
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-01-2024
#Units 19,986
Price/SF $176.93
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $121,510
R. Term 14.1
Ownership Fee Simple
Rent/SF $11.50
Increases 5.0%/5/yrs
Pop 5Mi 9,363
Lot/AC 1.67
Options 3/5yrs/5%
AHHI 5Mi $63,259

Lease Highlights

  • Brand new 2024 construction
  • Dollar General has 14+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 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 is strategically located on S Erie St. (Rt. 19), a main thoroughfare with access to 6,358 vehicles passing by daily. The property benefits from its proximity to the I-80 interchange, just 1.7 miles south, which sees 27,000 VPD. A significant traffic driver nearby is Plantation Park Campground, situated 1.1 miles east, featuring over 480 RV sites. The Mercer County Courthouse,...

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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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Listing Broker

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