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Views: 129 DOM: 226 Updated: 09.05.24 Posted: 05.09.24 Status: Active

Summary

Price $1,643,000
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 09-26-2023
#Units 19,986
Price/SF $129.50
Expiration 09-30-2038
Tenant Type Dollar/Discount
NOI $109,231
R. Term 13.9
Ownership Fee Simple
Rent/SF $8.61
Increases 10.0%/14/yrs
Pop 5Mi 3,066
Lot/AC 2.81
Options 4/5yrs/10%
AHHI 5Mi $59,007

Lease Highlights

  • Brand new 2023 construction
  • Dollar General Market has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the hard corner intersection of W Commercial Street and Highway 25, with access to a combined daily traffic count of 26,320 vehicles. The property is further enhanced by the little-to-no grocery competition nearby. Additionally, it is situated 0.6 miles from downtown Clarkton and is also in close proximity to Gideon High School with 109...

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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 : 959 1,644 2,887
2023 Total Population : 1,017 1,743 3,055
2023 Employed Civilian Pop : 409 678 1,203
2023 Total Businesses : 29 59 94
2023 Average Household Income : $ 55,624 $ 55,554 $ 58,969
2023 Total Consumer Spending : $ 21 M $ 36 M $ 67 M
2023 Median Age : 41 41 41
2023 Total Households : 430 727 1,266
2023 Pop Age 25+: Bachelor's Degree : 43 73 118
2023 Average Home Value : $ 81,996 $ 85,242 $ 93,772
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Larton St 2022 1,014 0.63 mi
State Highway 25 Co Rd 330 2022 2,121 1.32 mi
State Hwy 25 Co Rd 328 2019 4,295 1.35 mi
State Hwy 25 Co Rd 312 2014 3,576 1.47 mi
State Highway 25 Co Rd 312 2022 1,918 1.98 mi
State Highway 62 Field Rd 2022 1,014 2.00 mi
S Main St Co Rd 280 2019 1,318 2.92 mi
East 4th Street S Main St 2018 479 2.95 mi
South Main Street Field Rd 2022 724 2.99 mi
North Main Street N Main St 2022 912 2.99 mi

Listing Broker

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