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Views: 135 DOM: 216 Updated: 08.23.24 Posted: 05.01.24 Status: Active

Summary

Price $1,317,873
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 11-01-2017
#Units 19,986
Price/SF $144.82
Expiration 11-30-2032
Tenant Type Dollar/Discount
NOI $93,569
R. Term 7.12
Ownership Fee Simple
Rent/SF $10.28
Increases 10.0%/8/yrs
Pop 5Mi 35,603
Lot/AC 1.09
Options 5/5yrs/10%
AHHI 5Mi $62,697

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 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 on Wards Road/Highway 29, with access to 20,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Bojangles, Food Lion, PetSmart, Burlington, Aldi, and more. Additionally, it is just minutes from Liberty University, and in proximity to Lynchburg Regional Airport. The 5-mile trade area is supported by a...

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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 : 922 8,402 37,457
2023 Total Population : 832 7,968 36,691
2023 Employed Civilian Pop : 397 3,767 16,985
2023 Total Businesses : 33 202 1,244
2023 Average Household Income : $ 73,593 $ 75,701 $ 73,690
2023 Total Consumer Spending : $ 22 M $ 210 M $ 804 M
2023 Median Age : 42 42 31
2023 Total Households : 355 3,210 12,515
2023 Pop Age 25+: Bachelor's Degree : 127 1,024 5,135
2023 Average Home Value : $ 194,822 $ 188,781 $ 203,842
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
English Tavern Road Southern Dr 2021 3,200 0.52 mi
English Tavern Road Cool Springs Dr 2020 2,900 0.52 mi
Lynbrook Rd Spark Ln 2016 3,200 0.55 mi
SR 622 Wards Rd 2020 3,100 0.56 mi
English Tavern Rd Cool Springs Dr 2016 3,200 0.57 mi
English Tavern Road Hammer Ln 2018 3,300 0.59 mi
English Tavern Rd Hammer Ln 2016 3,500 0.59 mi
Leland Road English Tavern Rd 2020 1,000 0.70 mi
Leland Rd English Tavern Rd 2016 1,200 0.75 mi
English Tavern Rd Leland Rd 2016 3,500 0.80 mi

Listing Broker

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