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Views: 71 DOM: 107 Updated: 11.02.24 Posted: 08.06.24 Status: Active

Summary

Price $2,331,744
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 11-01-2024
#Units 19,986
Price/SF $183.79
Expiration 10-31-2039
Tenant Type Dollar/Discount
NOI $155,061
R. Term 14.11
Ownership Fee Simple
Rent/SF $12.22
Increases 5.0%/5/yrs
Pop 5Mi 5,158
Lot/AC 2.41
Options 5/5yrs/5%
AHHI 5Mi $102,306

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases 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 W Jackson Street and State Road 38. The property benefits from limited competition in the area, with the nearest dollar store being 7 miles away. The 5-mile trade area supports a population of 5,158 residents with an affluent average household income of $102,306. Mulberry is a town in Madison...

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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
2029 Total Population : 1,421 2,582 5,165
2024 Total Population : 1,443 2,585 5,158
2024 Employed Civilian Pop : 655 1,285 2,724
2024 Total Businesses : 44 58 106
2024 Average Household Income : $ 91,779 $ 99,327 $ 102,306
2024 Total Consumer Spending : $ 43 M $ 80 M $ 169 M
2024 Median Age : 44 44 43
2024 Total Households : 529 922 1,889
2024 Pop Age 25+: Bachelor's Degree : 81 252 630
2024 Average Home Value : $ 330,810 $ 319,924 $ 312,674
*ESRI data is presented for informational purposes only

Listing Broker

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