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Views: 90 DOM: 193 Updated: 11.01.24 Posted: 06.11.24 Status: Active

Summary

Price $2,032,600
Built/Renov 2004
Tenant Dollar General Market
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 01-30-2024
#Units 19,986
Price/SF $160.45
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $142,283
R. Term 14.1
Ownership Fee Simple
Rent/SF $11.23
Increases 5.0%/5/yrs
Pop 5Mi 1,179
Lot/AC 2.38
Options 3/5yrs/5%
AHHI 5Mi $67,923

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the hard corner intersection of Highway Y and Highway 49, with access to a combined daily traffic count of 1,179 vehicles. The property is in immediate proximity to Viburnum Elementary School, Viburnum Middle School, Viburnum Senior High School, and other local amenities. The 5-mile trade area is supported by a population of 1,179 residents...

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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 : 11 193 1,046
2024 Total Population : 11 199 1,086
2024 Employed Civilian Pop : 4 78 401
2024 Total Businesses : 0 11 71
2024 Average Household Income : $ 56,899 $ 53,376 $ 68,941
2024 Total Consumer Spending : $ 0 M $ 4 M $ 26 M
2024 Median Age : 38 47 45
2024 Total Households : 4 85 429
2024 Pop Age 25+: Bachelor's Degree : 0 3 98
2024 Average Home Value : $ 125,000 $ 231,908 $ 177,279
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Highway Y Hwy C 2022 142 0.18 mi
State Hwy C Crabtree Rd 2005 368 0.99 mi
S State Hwy Y Arlie Barr Cut-Off Rd 2009 640 1.10 mi
State Hwy Y Goose Rd 2014 178 1.13 mi
State Highway V Czar Tower Rd 2022 156 1.13 mi
South State Highway Y Arlie Barr Cut-Off Rd 2022 344 1.20 mi
MO Y Hopkins Rd 2022 99 2.42 mi

Listing Broker

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