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Views: 174 DOM: 398 Updated: 10.31.24 Posted: 10.20.23 Status: Active

Summary

Price $1,438,189
Built/Renov 2017
Tenant Dollar General
Cap Rate 5.30%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 05-17-2017
#Units 19,986
Price/SF $159.34
Expiration 05-31-2032
Tenant Type Dollar/Discount
NOI $76,224
R. Term 7.6
Ownership Fee Simple
Rent/SF $8.44
Increases 0.0%/0/yrs
Pop 5Mi 18,714
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $61,173

Lease Highlights

  • Dollar General has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 year throughout the initial term and at the start of each option
  • Ranked in the top 50% of Dollar General locations in terms of customer visits per Placer data
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically positioned along Highway (OK-3), which sees a daily traffic count of 3,829 vehicles. T he subject property enjoys a competitive advantage as it is the nearest Dollar General chain store in over 10 miles.   Lane Public School is situated in the vicinity, enhancing foot traffic to the immediate trade area. The 5-mile trade area is supported by...

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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
2028 Total Population : 115 461 1,016
2023 Total Population : 118 474 1,044
2023 Employed Civilian Pop : 29 125 284
2023 Total Businesses : 5 23 27
2023 Average Household Income : $ 66,244 $ 68,483 $ 68,502
2023 Total Consumer Spending : $ 3 M $ 13 M $ 26 M
2023 Median Age : 39 40 40
2023 Total Households : 51 210 426
2023 Pop Age 25+: Bachelor's Degree : 7 27 68
2023 Average Home Value : $ 176,875 $ 203,035 $ 198,932
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 3 N3950 Rd 2003 2,500 0.45 mi
Iron Stob Road 2019 330 0.54 mi
West McGee Creek Road E1870 Rd 2019 390 0.66 mi
Iron Stob Road E1880 Rd 2018 330 0.83 mi
South Kings Road E1870 Rd 2019 30 1.36 mi
Hwy 3 2019 3,700 2.36 mi
State Road 109A Hwy 3 2019 480 2.78 mi

Listing Broker

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