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Views: 116 DOM: 174 Updated: 11.05.24 Posted: 06.12.24 Status: Active

Summary

Price $1,277,000
Built/Renov 2019
Tenant Dollar General
Cap Rate 6.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,002
Lease Start 03-01-2019
#Units 19,986
Price/SF $141.86
Expiration 02-28-2034
Tenant Type Dollar/Discount
NOI $86,224
R. Term 9.2
Ownership Fee Simple
Rent/SF $9.58
Increases 10.0%/10/yrs
Pop 5Mi 8,520
Lot/AC 1.12
Options 3/5yrs/10%
AHHI 5Mi $75,519

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 3 (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 at the hard corner intersection of Veterans Memorial Drive and Nicholls Street, with access to a combined daily traffic count of 27,900 vehicles. The property benefits from nearby access to Interstate 55 (27,900 VPD), making this a centralized location. Nearby community retail tenants include Livingston Grocery, Country Inn Café & Motel, Pink...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 968 1,851 8,250
2024 Total Population : 970 1,885 8,491
2024 Employed Civilian Pop : 449 863 3,960
2024 Total Businesses : 23 37 254
2024 Average Household Income : $ 77,724 $ 80,334 $ 80,558
2024 Total Consumer Spending : $ 29 M $ 55 M $ 261 M
2024 Median Age : 45 46 43
2024 Total Households : 415 779 3,609
2024 Pop Age 25+: Bachelor's Degree : 61 125 763
2024 Average Home Value : $ 222,581 $ 294,151 $ 206,127
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Nicholls St PkSt 2006 1,100 0.02 mi
Henry St Sarah St 2011 1,450 0.03 mi
Henry St Rodenberg St 2011 1,450 0.09 mi
Nicholls St New Douglas Rd 2011 1,950 0.11 mi
Park St School St 2006 275 0.11 mi
New Douglas Rd 2022 800 0.15 mi
Maple St Frontage Rd 2001 750 0.18 mi
W Frontage Rd E Spangle Rd 2006 175 0.20 mi
New Douglas Road I- 55 2016 1,650 0.22 mi
I- 55 New Douglas Rd 2005 25,200 0.23 mi

Listing Broker

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