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Views: 8 DOM: 3 Updated: 10.15.24 Posted: 10.15.24 Status: Active

Summary

Price $2,262,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.80%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 08-29-2024
#Units 19,986
Price/SF $178.29
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $153,781
R. Term 14.10
Ownership Fee Simple
Rent/SF $12.12
Increases 5.0%/5/yrs
Pop 5Mi 18,060
Lot/AC 2.04
Options 5/5yrs/5%
AHHI 5Mi $66,194

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the entire lease term 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on US 70 E, with access to 5,264 vehicles passing by daily. The property is surrounded by notable national retailers, including Walmart Supercenter, Dollar General, and Food Lion, and more. Key educational institutions in the vicinity include Nebo Elementary School, McDowell High School, and East McDowell Middle School. The 5-mile trade area...

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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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