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Views: 172 DOM: 384 Updated: 10.04.24 Posted: 12.12.23 Status: Contract 10.04.24

Summary

Price $1,891,371
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 01-15-2024
#Units 19,986
Price/SF $149.08
Expiration 01-31-2039
Tenant Type Dollar/Discount
NOI $132,396
R. Term 14.1
Ownership Fee Simple
Rent/SF $10.44
Increases 5.0%/5/yrs
Pop 5Mi 4,636
Lot/AC 1.50
Options 5/5yrs/5%
AHHI 5Mi $65,353

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General Market signed a brand-new 15-year lease with 5 (%-year) options
  • Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General Market is strategically located on W Chicago Road, with access to 7,856 vehicles passing by daily. This prime location is further enhanced by the limited competition in the vicinity. The 5-mile trade area is supported by a population of 4,636 residents, with an average household income of $65,353. Bronson, situated in Branch County, Michigan, is a city in the southern part 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,127 3,345 5,165
2023 Total Population : 2,181 3,421 5,273
2023 Employed Civilian Pop : 1,068 1,658 2,505
2023 Total Businesses : 82 121 144
2023 Average Household Income : $ 68,793 $ 73,154 $ 75,854
2023 Total Consumer Spending : $ 48 M $ 82 M $ 135 M
2023 Median Age : 34 36 38
2023 Total Households : 797 1,273 2,021
2023 Pop Age 25+: Bachelor's Degree : 88 156 259
2023 Average Home Value : $ 154,228 $ 182,528 $ 196,208
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Ruggles St S Ruggles St 2015 8,600 0.31 mi
East Chicago Street S Parham Rd 2022 6,872 0.59 mi
US 12 S Matteson St 2021 6,617 0.59 mi
US-12 CHICAGO 2020 5,871 0.59 mi
BETWEEN FILLMORE AND UNION (IN BRONSON) Fillmore St 2021 1,830 0.65 mi
Fillmore St 2022 1,781 0.65 mi
Burr Oak Road Sackett Rd 2022 774 0.70 mi
US 12 A & J Ln 2021 6,479 1.15 mi
Orland Road Dewsenberry Rd 2022 1,270 1.91 mi
ORLAND RD 2020 1,180 1.91 mi

Listing Broker

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