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Views: 166 DOM: 183 Updated: 10.18.24 Posted: 06.21.24 Status: Active

Summary

Price $2,003,905
Built/Renov 2009
Tenant Dollar General
Cap Rate 6.35%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,000
Lease Start 10-27-2009
#Units 19,986
Price/SF $222.66
Expiration 10-31-2029
Tenant Type Dollar/Discount
NOI $127,248
R. Term 4.10
Ownership Fee Simple
Rent/SF $14.14
Increases 10.0%/5/yrs
Pop 5Mi 151,961
Lot/AC 0.88
Options 2/5yrs/10%
AHHI 5Mi $70,115

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
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on SW 13th Street/US Route 441, one of the area’s primary commercial and commuter corridors, with access to 22,000 vehicles passing by daily. The property is surrounded by nationally branded hotels, student housing complexes, and large residential communities. Additionally, it is 0.6 miles from FL Route 24, 1 mile from the VA Hospital of Gainesville and...

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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
2029 Total Population : 15,056 88,464 156,426
2024 Total Population : 15,084 87,798 155,728
2024 Employed Civilian Pop : 6,454 41,782 76,656
2024 Total Businesses : 434 3,860 6,977
2024 Average Household Income : $ 53,878 $ 56,854 $ 68,786
2024 Total Consumer Spending : $ 245 M $ 1813 M $ 3894 M
2024 Median Age : 23 24 27
2024 Total Households : 5,049 35,455 63,296
2024 Pop Age 25+: Bachelor's Degree : 1,398 11,232 23,124
2024 Average Home Value : $ 414,118 $ 323,216 $ 311,141
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Southwest 13th Street SW 13th St 2022 20,500 0.04 mi
SW 13th St SW 18th Pl 2005 26,500 0.23 mi
SW 16th Ave SW 14th St 2005 21,500 0.30 mi
Southwest 16th Avenue SW 16 Ct 2022 21,000 0.30 mi
SW 16th Ave SW 13th St 2005 23,500 0.31 mi
Southwest 16th Avenue SW 11 Way 2022 18,100 0.38 mi
Southwest 13th Street SW 11 Ave 2019 20,500 0.54 mi
Southwest 13th Street 13th Ave 2022 17,000 0.54 mi
Archer Road Cir of Hope 2022 23,000 0.55 mi
Archer Road Center Dr 2022 24,500 0.58 mi

Listing Broker

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