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Views: 104 Updated: 07.09.24 Posted: 03.02.24 Status: Inactive 10.03.24

Summary

Price $1,426,000
Built/Renov 2012
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,750
Lease Start 02-14-2013
#Units 19,986
Price/SF $146.26
Expiration 02-14-2029
Tenant Type Dollar/Discount
NOI $103,390
R. Term 4.1
Ownership Fee Simple
Rent/SF $10.60
Increases 10.0%/5/yrs
Pop 5Mi 16,095
Lot/AC 1.90
Options 3/5yrs/10%
AHHI 5Mi $75,433

Lease Highlights

  • Dollar General has 4+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located along U.S. Highway 11E/State Highway 34, with a daily traffic count of 17,300 vehicles. Moreover, its close proximity to Rush Strong Elementary School, which boasts an enrollment of 489 students, enhances its accessibility and visibility. Furthermore, the property is conveniently situated near several zinc mines and quarries, all within a mile of 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 : 816 5,472 16,145
2023 Total Population : 824 5,433 16,095
2023 Employed Civilian Pop : 344 2,648 7,799
2023 Total Businesses : 13 60 224
2023 Average Household Income : $ 62,715 $ 71,335 $ 75,433
2023 Total Consumer Spending : $ 18 M $ 131 M $ 415 M
2023 Median Age : 45 44 43
2023 Total Households : 337 2,085 6,241
2023 Pop Age 25+: Bachelor's Degree : 55 437 1,431
2023 Average Home Value : $ 220,473 $ 256,430 $ 283,562
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SR 139 Barber Rd 2021 5,199 0.25 mi
Old Dandridge Pike Debbie Sue Rd 2003 4,170 0.50 mi
US 11E Hamilton St 2021 17,271 0.55 mi
SR 139 Elizabeth Ln 2021 3,742 0.59 mi
Big Bend Road Bluff Rd 2022 161 0.88 mi
Andrew Johnson Highway 2018 17,115 0.95 mi
North East End Road Randles Rd 2018 738 1.13 mi
EAST END RD. N. Randles Rd 2021 685 1.13 mi
Big Bend Rd Carrie Cir 2003 240 1.62 mi
MASCOT PK. Immel Mine Rd 2021 8,721 1.87 mi

Listing Broker

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