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Views: 126 DOM: 266 Updated: 10.30.24 Posted: 02.22.24 Status: Active

Summary

Price $1,066,210
Built/Renov 2019
Tenant Dollar General
Cap Rate 8.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,232
Lease Start 02-26-2019
#Units 19,986
Price/SF $115.49
Expiration 11-30-2034
Tenant Type Dollar/Discount
NOI $86,363
R. Term 10.0
Ownership Fee Simple
Rent/SF $9.35
Increases 10.0%/10/yrs
Pop 5Mi 1,725
Lot/AC 3.19
Options 4/5yrs/10%
AHHI 5Mi $43,118

Lease Highlights

  • Dollar General has 10 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of US-51 and Madison Street, with access to a daily traffic count of 1,953 vehicles. This prime location is bolstered by limited competition in the area. The 5-mile trade area is supported by a population of 1,725 residents with an average household income of $43,118. Pickens, situated in Holmes County,...

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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
US Hwy 51 Gas Plant Rd 2006 1,100 0.73 mi
Gas Plant Rd 2021 950 0.88 mi
US Hwy 51 Hwy 17 2018 1,000 0.95 mi
Yazoo St 2021 2,300 1.16 mi
Peace St 2021 50 1.32 mi
Pearl Street Salem St 2021 140 1.45 mi
Lexington Road Caffey Ln 2021 940 1.74 mi
Hwy 432 Yazoo St 2006 940 1.78 mi
US Hwy 51 Airport St 2018 2,600 2.04 mi
MS 432 2021 960 2.15 mi

Listing Broker

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