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Views: 54 DOM: 67 Updated: 11.11.24 Posted: 10.15.24 Status: Active

Summary

Price $1,281,437
Built/Renov 2012
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 09-01-2018
#Units 19,986
Price/SF $140.82
Expiration 08-31-2033
Tenant Type Dollar/Discount
NOI $90,982
R. Term 8.8
Ownership Fee Simple
Rent/SF $10.00
Increases 10.0%/9/yrs
Pop 5Mi 24,519
Lot/AC 1.09
Options 5/5yrs/10%
AHHI 5Mi $56,900

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 5 (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 on US Highway 74 Bus, with access to 7,781 vehicles passing by daily. The property is surrounded by notable national retailers, including Sunoco, Arby’s, Food Lion, McDonald's, and more. Key educational institutions in the vicinity include East Rutherford High School, Bostic Elementary School, and R-S Central High School, among others. The 5-mile trade...

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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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Listing Broker

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