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Views: 162 DOM: 435 Updated: 07.19.24 Posted: 09.13.23 Status: Active

Summary

Price $1,778,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 12-11-2023
#Units 19,986
Price/SF $168.28
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $119,988
R. Term 14.1
Ownership Fee Simple
Rent/SF $11.36
Increases 5.0%/5/yrs
Pop 5Mi 5,394
Lot/AC 2.50
Options 5/5yrs/5%
AHHI 5Mi $63,080

Lease Highlights

  • Brand-new construction
  • Dollar General signed a new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed, 10,566 SF Dollar General is positioned on 2.5 acres, along Twisted Hickory Rd., bordering Rt. 242 (2000+ VPD). The property benefits from limited competition, as the nearest dollar store is over 6 miles away. Approximately 5,394 people, earning an average household income of $63,080, occupy the surrounding 5-mile radius. Bladenboro is a town in Bladen County, North...

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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 : 109 1,055 5,217
2023 Total Population : 115 1,104 5,400
2023 Employed Civilian Pop : 35 388 2,030
2023 Total Businesses : 3 37 246
2023 Average Household Income : $ 73,524 $ 71,524 $ 63,006
2023 Total Consumer Spending : $ 3 M $ 30 M $ 125 M
2023 Median Age : 41 43 45
2023 Total Households : 54 488 2,243
2023 Pop Age 25+: Bachelor's Degree : 28 238 914
2023 Average Home Value : $ 255,435 $ 225,884 $ 203,045
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Twisted Hickory Rd Hwy 242 2018 1,100 0.12 mi
Twisted Hickory Rd 2021 2,000 0.20 mi
Happy Valley Rd Hickory Hill Dr 2004 280 2.30 mi
Campbell Rd Hwy 701 2004 230 2.72 mi
NC 242 Horseshoe Rd 2020 2,400 2.75 mi
Guyton Rd Horseshoe Rd 2018 2,400 2.75 mi

Listing Broker

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