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Views: 66 DOM: 140 Updated: 10.31.24 Posted: 07.04.24 Status: Active

Summary

Price $2,724,480
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 07-01-2024
#Units 19,986
Price/SF $256.06
Expiration 07-01-2039
Tenant Type Dollar/Discount
NOI $170,280
R. Term 14.7
Ownership Fee Simple
Rent/SF $16.00
Increases 10.0%/14/yrs
Pop 5Mi 71,147
Lot/AC 2.38
Options 3/5yrs/10%
AHHI 5Mi $116,784

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease 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 Post Office Road, next to John F. Kennedy Middle School, which has over 1,000 students. The property is surrounded by homes, including an apartment complex across the street. The immediate area features well-known national tenants, including Marshalls, PetSmart, Petco, Verizon, TJ Maxx, and more. The 5-mile trade area is supported by a population of...

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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 : 4,598 24,252 69,765
2024 Total Population : 4,742 24,841 71,310
2024 Employed Civilian Pop : 2,617 13,238 36,787
2024 Total Businesses : 53 1,114 2,885
2024 Average Household Income : $ 129,875 $ 121,197 $ 123,982
2024 Total Consumer Spending : $ 227 M $ 1120 M $ 3133 M
2024 Median Age : 46 44 43
2024 Total Households : 2,024 10,601 29,060
2024 Pop Age 25+: Bachelor's Degree : 929 4,121 10,948
2024 Average Home Value : $ 311,801 $ 333,503 $ 348,423
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Overhill Rd Vernon Rd 2010 400 0.43 mi
Raffia Rd Post Rd 2010 7,300 0.47 mi
Post Rd Woodside Park 2010 3,100 0.48 mi
Simon Rd Weymouth School Rd 2010 4,800 0.53 mi
Steele Rd Weymouth Rd 2010 3,000 0.61 mi
Weymouth Road Wynwood Dr 2022 113 0.67 mi
Elizabeth St Weymouth Rd 2010 150 0.68 mi
Weymouth Rd 2022 223 0.69 mi
Lox Ln Missile Dr 2010 100 0.79 mi
Simon Rd Shannon Dr 2010 4,100 0.81 mi

Listing Broker

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