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Views: 244 DOM: 270 Updated: 08.28.24 Posted: 02.25.24 Status: Active

Summary

Price $2,022,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,542
Lease Start 01-26-2024
#Units 19,986
Price/SF $191.80
Expiration 01-25-2039
Tenant Type Dollar/Discount
NOI $135,492
R. Term 14.2
Ownership Fee Simple
Rent/SF $12.85
Increases 10.0%/15/yrs
Pop 5Mi 26,979
Lot/AC 2.36
Options 5/5yrs/10%
AHHI 5Mi $58,156

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General recently executed a brand-new 15-year lease with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of Vicksboro Road and Rock Mill Road, with access to a combined daily traffic count of 6,200 vehicles. The property is surrounded by Carey Chapel Village and Garden Gate Villas Senior-Living Apartments. National tenants in the vicinity include Family Dollar, Bojangles, McDonald's, Food Lion, and more. The...

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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
2028 Total Population : 1,327 14,050 26,589
2023 Total Population : 1,376 14,306 26,979
2023 Employed Civilian Pop : 532 5,439 11,037
2023 Total Businesses : 24 616 1,170
2023 Average Household Income : $ 47,230 $ 49,572 $ 58,156
2023 Total Consumer Spending : $ 22 M $ 246 M $ 558 M
2023 Median Age : 34 37 40
2023 Total Households : 542 5,593 10,847
2023 Pop Age 25+: Bachelor's Degree : 28 746 2,064
2023 Average Home Value : $ 127,514 $ 110,356 $ 148,567
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Vicksboro Road Ennis Murphy Rd 2021 5,046 0.04 mi
Rock Mill Road Ennis Murphy Rd 2021 2,302 0.16 mi
Ennis Murphy Road Rock Mill Rd 2021 700 0.16 mi
Carey Chapel Road Franklin Rd 2021 2,658 0.19 mi
Franklin Road Vicksboro Rd 2021 178 0.19 mi
Vicksboro Road Franklin Rd 2021 4,869 0.23 mi
N Clearview Dr Swain Dr 2000 100 0.65 mi
State Hwy 39 2021 248 0.77 mi
State Hwy 39 2021 7,018 0.81 mi
Garrett Road Rock Mill Rd 2021 1,932 0.81 mi

Listing Broker

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