Dollar General

6733 Southwest Archer Road, Gainesville, FL 32608

$2,217,000

Cap Rate 5.93%

Views: 163 DOM: 259 Updated: 05.20.24 Posted: 03.07.24 Status: Active

Summary

Price $2,217,000	Built/Renov 2016	Tenant Dollar General
Cap Rate 5.93%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,002	Lease Start 07-24-2016	#Units 19,986
Price/SF $246.28	Expiration 07-31-2031	Tenant Type Dollar/Discount
NOI $131,403	R. Term 6.8	Ownership Fee Simple
Rent/SF $14.60	Increases 10.0%/7/yrs	Pop 5Mi 105,989
Lot/AC 2.24	Options 3/5yrs/10%	AHHI 5Mi $94,127

Lease Highlights

Dollar General has 6+ years remaining on the current lease term with 3 (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 on SW Archer Road, with access to a substantial daily traffic count of 62,500 vehicles. Adjacent to Tower Square, a shopping center anchored by Publix, it hosts national tenants like Chase Bank, UPS, and Bank of America. Moreover, it is conveniently situated just 2 miles off I-75, providing direct on/off ramp access with a traffic count of 104,500 VPD....

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Key Features

Build to suit
High traffic 50M+ VPD
Dense retail corridor
Strong demographics
Major MSA
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Gainesville, Florida Zip Code 32608 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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 :	5,871	49,285	107,506
2023 Total Population :	5,838	47,927	105,989
2023 Employed Civilian Pop :	2,857	25,166	53,131
2023 Total Businesses :	164	1,255	3,168
2023 Average Household Income :	$ 112,621	$ 105,651	$ 94,127
2023 Total Consumer Spending :	$ 232 M	$ 1824 M	$ 3539 M
2023 Median Age :	35	29	27
2023 Total Households :	2,362	19,845	43,022
2023 Pop Age 25+: Bachelor's Degree :	901	7,300	15,407
2023 Average Home Value :	$ 293,051	$ 359,172	$ 353,554

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
SW Archer Rd	SW 63rd Blvd	2005	26,000	0.45 mi
Southwest 75th Street	SW 53rd Pl	2022	17,000	0.51 mi
SW Archer Rd	SW 75th St	2005	19,000	0.55 mi
Archer Road	SW 51 Ln	2022	27,500	0.56 mi
Southwest 62nd Avenue	SW 52nd Ter	2022	7,400	1.01 mi
Southwest 46th Boulevard	SW 85th Dr	2022	4,600	1.17 mi
Southwest 75th Street	SW 36 Ave	2022	15,500	1.37 mi
Southwest 75th Street	SW 36th Ave	2018	15,000	1.37 mi
Southwest 91st Street	SW 61 Ave	2022	6,600	1.50 mi
SW Archer Rd	SW 44th St	2005	31,000	1.75 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
27396 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
20962 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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