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Views: 147 DOM: 330 Updated: 10.17.24 Posted: 01.26.24 Status: Active

Summary

Price $1,832,580
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 12-01-2023
#Units 19,986
Price/SF $172.23
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $119,118
R. Term 14.0
Ownership Fee Simple
Rent/SF $11.20
Increases 5.0%/5/yrs
Pop 5Mi 25,749
Lot/AC 1.20
Options 3/5yrs/5%
AHHI 5Mi $54,823

Lease Highlights

  • Brand-new 2023 construction
  • New 15-year lease with 3 (5-year) options to extend
  • 5% rent increases every 5 years 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located on Walnut Hill Road which sees 2,919+ vehicles passing by daily. Notable employers and traffic generators in the area include ZRM Enterprises, LLC (25 employees), Hrance mechanical Contracts (25 employees), Inn at Watson’s Choice (10 cabins), D Ferd Swaney Elementary School (260 students, 20 faculty & staff), and Albert Gallatin...

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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 : 456 4,846 25,235
2023 Total Population : 469 4,923 25,749
2023 Employed Civilian Pop : 190 2,532 12,410
2023 Total Businesses : 6 85 968
2023 Average Household Income : $ 74,179 $ 87,764 $ 82,246
2023 Total Consumer Spending : $ 14 M $ 156 M $ 797 M
2023 Median Age : 46 47 48
2023 Total Households : 215 2,010 10,928
2023 Pop Age 25+: Bachelor's Degree : 24 449 3,238
2023 Average Home Value : $ 179,573 $ 223,412 $ 216,854
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Walnut Hill Road York Run Rd 2021 2,919 0.02 mi
Walnut Hill Rd Grange Rd 2019 4,009 0.33 mi
Leckrone Highhouse Rd Grange Rd 2017 2,358 0.41 mi
Sr3012 York Run Rd 2019 1,786 0.54 mi
High House-York Run Road Shady Side Rd 2022 2,008 0.86 mi
Leckrone Highhouse Road Leckrone High House Rd 2021 2,114 1.26 mi
Amend Road Bottom St 2021 413 1.33 mi
Amend Road Top Row Rd 2019 311 1.33 mi
Walnut Hill Road Center Rd 2018 1,862 1.55 mi
Walnut Hill Road Walnut Hill Rd 2021 1,059 1.56 mi

Listing Broker

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