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Views: 117 DOM: 300 Updated: 10.17.24 Posted: 01.26.24 Status: Active

Summary

Price $1,981,335
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 05-09-2023
#Units 19,986
Price/SF $187.52
Expiration 05-31-2038
Tenant Type Dollar/Discount
NOI $128,788
R. Term 13.6
Ownership Fee Simple
Rent/SF $12.19
Increases 5.0%/5/yrs
Pop 5Mi 132,231
Lot/AC 0.93
Options 3/5yrs/5%
AHHI 5Mi $56,912

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 the hard corner intersection of Washington Blvd. and McClure Drive which sees 3,657+ vehicles passing by daily.The immediate area is a small business hub which includes a family development company office called Yarborough Development, a self-storage facility, and a family run limo service. Within a quarter mile south is 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 : 7,640 49,473 129,016
2023 Total Population : 7,833 50,591 131,628
2023 Employed Civilian Pop : 4,084 24,240 64,261
2023 Total Businesses : 129 1,222 3,850
2023 Average Household Income : $ 68,494 $ 68,945 $ 80,907
2023 Total Consumer Spending : $ 212 M $ 1380 M $ 4178 M
2023 Median Age : 46 46 47
2023 Total Households : 3,488 22,661 58,990
2023 Pop Age 25+: Bachelor's Degree : 716 5,156 17,194
2023 Average Home Value : $ 204,876 $ 169,505 $ 202,474
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Washington Blvd Bellaire Dr 2015 2,100 0.41 mi
Washington Blvd Fairlee Dr 2013 2,127 0.46 mi
Erie Ave 2nd St 2009 491 0.51 mi
Washington Boulevard New York Ave 2021 2,208 0.51 mi
Delaware Ave 2022 933 0.57 mi
Monongahela Ave N Arch St 2014 6,564 0.60 mi
Pacific Ave Maryland Ave 2015 4,068 0.61 mi
Romine Ave Laredo St 2015 2,778 0.71 mi
Mansfield Brg Monongahela Ave 2015 15,141 0.83 mi
Washington Boulevard Kollar Dr 2019 2,086 0.89 mi

Listing Broker

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