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Views: 163 DOM: 178 Updated: 10.30.24 Posted: 06.08.24 Status: Active

Summary

Price $2,008,222
Built/Renov 2012
Tenant Dollar General
Cap Rate 8.10%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,400
Lease Start 04-30-2013
#Units 19,986
Price/SF $239.07
Expiration 03-31-2034
Tenant Type Dollar/Discount
NOI $162,666
R. Term 9.4
Ownership Fee Simple
Rent/SF $19.37
Increases 10.0%/9/yrs
Pop 5Mi 268,647
Lot/AC 0.67
Options 5/5yrs/10%
AHHI 5Mi $68,326

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Minimal landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of Jefferson Ave and Victor Street, with access to a combined daily traffic count of 27,849 vehicles. The property is surrounded by well-known national tenants, including Metro by T-Mobile, Phillips 66, Rally's, Bank of America, and more. The 5-mile trade area is supported by a population of 268,647 residents with an...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Jefferson Ave Victor St 2012 28,267 0.03 mi
Gravois Ave Sidney St 2019 15,585 0.04 mi
Gravois Avenue Victor St 2018 8,245 0.04 mi
Gravois Avenue Winnebago St 2022 6,473 0.05 mi
Sidney St S Jefferson Ave 2002 2,442 0.07 mi
Sidney St Indiana Ave 2013 2,008 0.09 mi
Gravois Ave Charless St 2013 16,929 0.10 mi
S Jefferson Ave Gravois Ave 2002 19,351 0.10 mi
South Jefferson Avenue Accomac St 2022 14,050 0.14 mi
S Jefferson Ave Armand Pl 2013 28,267 0.16 mi

Listing Broker

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