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Views: 113 DOM: 189 Updated: 11.08.24 Posted: 06.24.24 Status: Active

Summary

Price $1,604,000
Built/Renov 2014
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,002
Lease Start 05-22-2014
#Units 19,986
Price/SF $178.18
Expiration 05-31-2029
Tenant Type Dollar/Discount
NOI $124,340
R. Term 4.5
Ownership Fee Simple
Rent/SF $13.81
Increases 10.0%/5/yrs
Pop 5Mi 37,337
Lot/AC 1.83
Options 3/5yrs/10%
AHHI 5Mi $103,821

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 increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on West Main Street, with access to 7,500 vehicles passing by daily. The property is further enhanced as it is the only Dollar General in the zip code. The next closest Dollar General is over five miles away and ranks in the bottom 30% in the state within its chain, according to Placer.ai. The 5-mile trade area is supported by a population of 37,337...

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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 : 448 6,429 18,227
2024 Total Population : 450 6,408 18,158
2024 Employed Civilian Pop : 247 3,205 9,356
2024 Total Businesses : 29 191 501
2024 Average Household Income : $ 78,877 $ 96,565 $ 105,013
2024 Total Consumer Spending : $ 12 M $ 223 M $ 672 M
2024 Median Age : 44 49 46
2024 Total Households : 191 2,663 7,416
2024 Pop Age 25+: Bachelor's Degree : 35 927 2,781
2024 Average Home Value : $ 422,575 $ 432,958 $ 460,867
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Main St West Main St 2001 7,609 0.05 mi
East Main Street West Main St 2022 6,485 0.07 mi
Common Street River St 2022 3,116 0.87 mi
Common Street River St 2019 3,376 0.87 mi
MA 148 Pleasant St 2022 5,283 1.08 mi
MA 148 Upper River St 2021 5,288 1.08 mi
Fiskdale Rd Schoolhouse Cross Rd 2001 5,311 1.09 mi
Main Street 2019 1,518 1.12 mi
Main Street N Brookfield Rd 2022 1,401 1.12 mi
MA 148 Main St 2021 1,402 1.29 mi

Listing Broker

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