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Views: 180 DOM: 304 Updated: 10.30.24 Posted: 02.21.24 Status: Active

Summary

Price $1,539,333
Built/Renov 2021
Tenant Dollar General
Cap Rate 7.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,806
Lease Start 10-15-2021
#Units 19,986
Price/SF $142.45
Expiration 10-31-2036
Tenant Type Dollar/Discount
NOI $113,141
R. Term 11.10
Ownership Fee Simple
Rent/SF $10.47
Increases 10.0%/12/yrs
Pop 5Mi 3,736
Lot/AC 1.60
Options 4/5yrs/10%
AHHI 5Mi $62,410

Lease Highlights

  • Dollar General has 12 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of West Street and S Madison Street, with access to 4,955 vehicles passing by daily. The property benefits from close proximity to Webster Urgent Care, Piggly Wiggly, Exxon, Texaco, and various other establishments. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is...

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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 : 868 2,450 3,822
2023 Total Population : 855 2,433 3,779
2023 Employed Civilian Pop : 293 970 1,591
2023 Total Businesses : 36 85 103
2023 Average Household Income : $ 71,473 $ 72,853 $ 70,123
2023 Total Consumer Spending : $ 21 M $ 61 M $ 95 M
2023 Median Age : 40 41 42
2023 Total Households : 335 937 1,514
2023 Pop Age 25+: Bachelor's Degree : 91 217 306
2023 Average Home Value : $ 126,204 $ 132,152 $ 124,360
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 82 Spring Valley Rd 2006 7,700 0.13 mi
Paisley Ln Swayze St 2018 10,000 0.21 mi
County Line Rd 2021 10,000 0.21 mi
Horton Street S Madison St 2021 5,100 0.30 mi
Horton Street Sutphin St 2021 1,800 0.30 mi
Horton Street Sutphin St 2018 2,000 0.31 mi
Paisley Ln 2021 1,100 0.33 mi
Fulton Street South St 2021 90 0.37 mi
State Hwy 15 Hwy 82 2018 120 0.46 mi
Caitlyn St 2021 70 0.53 mi

Listing Broker

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