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Views: 154 Updated: 11.14.24 Posted: 08.10.23 Status: Inactive 11.14.24

Summary

Price $1,450,200
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-08-2022
#Units 19,986
Price/SF $136.30
Expiration 08-30-2037
Tenant Type Dollar/Discount
NOI $105,137
R. Term 12.8
Ownership Fee Simple
Rent/SF $9.88
Increases 10.0%/14/yrs
Pop 5Mi 17,380
Lot/AC 1.67
Options 3/5yrs/10%
AHHI 5Mi $63,289

Lease Highlights

  • 2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
  • Tenant signed a 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed by Dollar General Corporation (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

The newly construction Dollar General is located along US Highway 422 averaging 11,900 vehicles passing per day. The subject property benefits from limited competition as the nearest discount store is more than 6 miles away. The site is positioned near Armstrong Junior/Senior High School (1,600 students), providing a direct customer base from which to draw. The 5-mile trade area is supported...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Graham Road Graham Rd 2019 11,706 0.21 mi
Gladys Rd 2021 10,898 0.64 mi
US Hwy 422 Tom Rupp Dr 2017 11,899 0.72 mi
Silvis Hollow Rd Sr2012 2017 139 0.77 mi
Sr2008 Meyer Dr 2017 107 0.79 mi
Silvis Hollow Road Fiscus Rd 2021 150 0.88 mi
Smeltzers Flat Road Smeltzers Flats Rd 2021 105 1.27 mi
Greentree Rd State Hwy2014 2019 91 1.39 mi
Red Mill Rd Green Brae Rd 2018 103 1.48 mi
Green Tree Rd Crissman Ln 2017 93 1.62 mi

Listing Broker

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