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Views: 101 DOM: 42 Updated: 07.24.24 Posted: 07.03.24 Status: Sold 08.15.24

Summary

Price $1,400,000 $1,440,000
Built/Renov 2020
Tenant Dollar General
Cap Rate 7.20% 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 08-26-2020
#Units 19,986
Price/SF $153.85 $158.24
Expiration 08-31-2035
Tenant Type Dollar/Discount
NOI $100,744
R. Term 10.8
Ownership Fee Simple
Rent/SF $11.07
Increases 10.0%/11/yrs
Pop 5Mi 11,352
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $110,783

Lease Highlights

  • Dollar General has 11 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations 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 on US-62, with access to 3,600 vehicles passing by daily. The property boasts excellent visibility with significant street frontage and a prominent pylon sign. Moreover, this prime location enjoys virtually no competition in the surrounding area. The 5-mile trade area is supported by a population of 11,352 residents with an average household income of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

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 supplies,...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Township Road 414 Twp Hwy 665 2021 123 1.25 mi
County Road 160 Twp Hwy 665 2021 1,469 1.29 mi
US Rte 62 Twp Rd 667 2004 3,600 1.34 mi
Township Road 661 Twp Rd 662 2021 654 1.38 mi
US Rte 62 Co Hwy 186 2004 3,580 1.67 mi
Township Road 416 Twp Hwy 415 2021 84 1.94 mi
Township Road 668 US Hwy62 2021 133 1.95 mi
County Road 160 Twp Rd 654 2021 1,308 2.07 mi
SR 515 Co Hwy 168 2021 2,480 2.08 mi
Twp Hwy 606 Twp Hwy 669 2017 103 2.37 mi

Listing Broker

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