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Views: 154 DOM: 294 Updated: 11.08.24 Posted: 03.02.24 Status: Active

Summary

Price $1,294,000
Built/Renov 2009/2022
Tenant Dollar General
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 01-21-2009
#Units 19,986
Price/SF $148.44
Expiration 09-30-2031
Tenant Type Dollar/Discount
NOI $97,020
R. Term 6.9
Ownership Fee Simple
Rent/SF $10.76
Increases 10.0%/7/yrs
Pop 5Mi 5,190
Lot/AC 0.96
Options 3/5yrs/10%
AHHI 5Mi $99,346

Lease Highlights

  • Dollar General has been operating in this location since 2009
  • The tenant has 6+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on S Patrick Street, with access to 8,270 vehicles passing by daily. The location has consistently outperformed the adjacent Family Dollar, receiving twice the number of customer visits annually (Source: Placer.ai). Additionally, the vicinity boasts other prominent national tenants such as Dairy Queen and Sonic. The 5-mile trade area is supported by a...

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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 : 2,604 3,898 4,768
2023 Total Population : 2,687 4,022 4,915
2023 Employed Civilian Pop : 1,193 1,873 2,317
2023 Total Businesses : 122 183 207
2023 Average Household Income : $ 64,621 $ 72,572 $ 75,761
2023 Total Consumer Spending : $ 58 M $ 97 M $ 125 M
2023 Median Age : 35 36 36
2023 Total Households : 1,011 1,510 1,860
2023 Pop Age 25+: Bachelor's Degree : 228 374 468
2023 Average Home Value : $ 188,762 $ 202,715 $ 218,905
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Grafton St E May St 2004 480 0.15 mi
South Patrick Street W Oneil St 2022 3,678 0.17 mi
Bus 67-K W Elm St 2004 8,270 0.20 mi
W Elm St Comanche 2004 160 0.23 mi
West Blackjack Street E Blackjack St 2022 2,547 0.29 mi
S Harrell St 2004 70 0.29 mi
East Blackjack Street N Grafton St 2022 5,269 0.30 mi
E Myrtle St Olla St 2004 580 0.33 mi
E Elm St S Shamrock 2004 470 0.37 mi
Johnson St Central St 2004 160 0.38 mi

Listing Broker

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