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Views: 127 DOM: 256 Updated: 10.20.24 Posted: 03.12.24 Status: Active

Summary

Price $630,000
Built/Renov 1900
Tenant Dollar General
Cap Rate 7.72%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-01-2002
#Units 19,986
Price/SF $59.21
Expiration 06-30-2029
Tenant Type Dollar/Discount
NOI $48,662
R. Term 4.7
Ownership Fee Simple
Rent/SF $4.57
Increases 10.0%/5/yrs
Pop 5Mi 13,427
Lot/AC 0.34
Options 2/5yrs/10%
AHHI 5Mi $60,266

Lease Highlights

  • Dollar General has 5+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on S Gamble Street, with access to 6,372 vehicles passing by daily. The property enjoys a convenient proximity to OhioHealth Shelby Hospital. Surrounding the area are well-known national tenants including Save-a-Lot, Domino’s, Subway, KFC, Family Dollar, IGA, McDonald’s, Taco Bell, and Wendy’s. Situated in the Heart of Downtown Shelby, currently...

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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
2028 Total Population : 7,212 10,519 13,540
2023 Total Population : 7,252 10,598 13,668
2023 Employed Civilian Pop : 3,779 5,438 6,718
2023 Total Businesses : 195 319 368
2023 Average Household Income : $ 65,215 $ 70,348 $ 73,351
2023 Total Consumer Spending : $ 183 M $ 278 M $ 365 M
2023 Median Age : 40 43 44
2023 Total Households : 3,190 4,514 5,692
2023 Pop Age 25+: Bachelor's Degree : 437 725 937
2023 Average Home Value : $ 153,213 $ 160,070 $ 169,185
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S GAMBLE ST Central Ave 2020 5,941 0.04 mi
South Gamble Street W Main St 2021 6,372 0.06 mi
West Main Street Walnut St 2021 6,716 0.15 mi
E WHITNEY AVE W Whitney Ave 2020 2,744 0.18 mi
W WHITNEY AVE Church St 2020 1,532 0.18 mi
W Main St Walnut St 2017 7,904 0.18 mi
North Gamble Street Marvin Ave 2021 6,485 0.22 mi
East Main Street Broadway St 2021 6,278 0.24 mi
BROADWAY ST E Main St 2020 7,156 0.27 mi
S Gamble St W Tucker Ave 2003 6,350 0.31 mi

Listing Broker

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