loader
Join Free
Views: 96 DOM: 234 Updated: 08.02.24 Posted: 01.26.24 Status: Active

Summary

Price $1,722,235
Built/Renov 2022
Tenant Dollar General
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 09-01-2022
#Units 19,986
Price/SF $161.86
Expiration 09-01-2037
Tenant Type Dollar/Discount
NOI $110,223
R. Term 12.11
Ownership Fee Simple
Rent/SF $10.36
Increases 10.0%/13/yrs
Pop 5Mi 41,543
Lot/AC 1.48
Options 3/5yrs/10%
AHHI 5Mi $65,456

Lease Highlights

  • New 2022 construction
  • Dollar General has 13+ 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 | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located along Starr Road which sees 2,900 vehicles passing by daily. Traffic generators in the area include the Deer Lakes High School (647 students), Deer Lakes Middle School (441 students), East Union Intermediate Center (446 students), among others. There are 41,543 residents earning an average household income of $65,456 in the...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,567 9,194 40,467
2023 Total Population : 1,613 9,444 41,436
2023 Employed Civilian Pop : 848 5,033 20,730
2023 Total Businesses : 60 214 1,235
2023 Average Household Income : $ 88,133 $ 101,625 $ 96,899
2023 Total Consumer Spending : $ 52 M $ 336 M $ 1491 M
2023 Median Age : 48 47 45
2023 Total Households : 699 3,850 17,751
2023 Pop Age 25+: Bachelor's Degree : 252 1,380 6,704
2023 Average Home Value : $ 229,598 $ 313,548 $ 273,457
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Creighton Russellton Road Blue Rd 2021 3,472 0.14 mi
Starr Rd Paskorz Ln 2015 2,900 0.21 mi
Little Deer Creek Road Deer Creek Valley Rd 2021 4,047 0.24 mi
Starr Road Paskorz Ln 2021 2,569 0.44 mi
Kurn Road Kurn Rd 2021 806 0.66 mi
State Rte 908 Exd Fawn St 2014 1,420 0.68 mi
Michael Road Macarthur Dr 2019 1,579 0.74 mi
Michael Rd Macarthur Dr 2014 1,633 0.83 mi
Baileys Run Rd Fairfield Rd 2004 701 1.02 mi
East Union Road Woodhill Dr 2019 1,205 1.03 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity