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Views: 148 DOM: 57 Updated: 10.30.24 Posted: 09.25.24 Status: Active

Summary

Price $2,500,346
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 12-09-2024
#Units 19,986
Price/SF $234.99
Expiration 12-31-2039
Tenant Type Dollar/Discount
NOI $158,772
R. Term 15.1
Ownership Fee Simple
Rent/SF $14.92
Increases 5.0%/5/yrs
Pop 5Mi 3,156
Lot/AC 1.49
Options 5/5yrs/5%
AHHI 5Mi $62,273

Lease Highlights

  • 2024 BTS construction | Plus size footprint
  • Brand new 15-year lease with 5 (5-year) options to extend
  • 5% rent increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Washington Street, with access to 4,019 vehicles passing by daily. The property is surrounded by prominent national tenants, including Walmart, Pizza Hut, Dunkin', Tractor Supply Co., Wendy's, and more. The 5-mile trade area serves a population of 3,156 residents with an average household income of $62,273. Chipley, the county seat of...

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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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Listing Broker

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