loader
Join Free
Views: 91 DOM: 165 Updated: 11.02.24 Posted: 07.09.24 Status: Active

Summary

Price $2,172,231
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,480
Lease Start 12-15-2024
#Units 19,986
Price/SF $174.06
Expiration 12-14-2039
Tenant Type Dollar/Discount
NOI $141,195
R. Term 14.12
Ownership Fee Simple
Rent/SF $11.31
Increases 5.0%/5/yrs
Pop 5Mi 47,163
Lot/AC 1.95
Options 5/5yrs/5%
AHHI 5Mi $59,625

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of 37th Avenue and Montgomery Street, with access to a combined daily traffic count of 19,800 vehicles. The property is positioned within proximity to two major Interstates, I-65 (110,000 VPD) and I-94 (169,800 VPD). Additionally, it benefits from the lack of grocery competition that serves the...

...

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 supplies,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,082 52,402 122,265
2024 Total Population : 4,206 52,335 122,966
2024 Employed Civilian Pop : 1,925 20,875 49,339
2024 Total Businesses : 85 1,321 3,326
2024 Average Household Income : $ 58,946 $ 64,556 $ 67,338
2024 Total Consumer Spending : $ 82 M $ 1187 M $ 2997 M
2024 Median Age : 37 38 39
2024 Total Households : 1,552 20,612 49,905
2024 Pop Age 25+: Bachelor's Degree : 137 3,665 9,938
2024 Average Home Value : $ 218,513 $ 199,581 $ 212,593
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity