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Views: 2 DOM: 1 Updated: 11.20.24 Posted: 11.20.24 Status: Active

Summary

Price $938,400
Built/Renov 2009
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 07-01-2009
#Units 19,986
Price/SF $104.10
Expiration 06-30-2030
Tenant Type Dollar/Discount
NOI $75,072
R. Term 5.7
Ownership Fee Simple
Rent/SF $8.33
Increases 4.8%/5/yrs
Pop 5Mi 5,044
Lot/AC 0.00
Options 4/5yrs/10%
AHHI 5Mi $66,211

Lease Highlights

  • 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features a rental increase of 4.77% in the 1st option | 10% at each remaining option
  • NN lease | Minimal landlord responsibilities
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located near the signalized, hard-corner intersection of IN-57 and IN-64, with a combined daily traffic count of 15,732 vehicles and just 1.4 miles from Interstate 69, which sees 31,471 vehicles per day. The site features a concrete parking lot and a pitched metal roof. According to Placer.ai, it is a strong performer, with estimated sales ranking in the top 35%...

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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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Listing Broker

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