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Views: 127 DOM: 227 Updated: 09.05.24 Posted: 05.08.24 Status: Active

Summary

Price $1,899,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 03-01-2024
#Units 19,986
Price/SF $210.39
Expiration 02-28-2039
Tenant Type Dollar/Discount
NOI $120,592
R. Term 14.2
Ownership Fee Simple
Rent/SF $13.36
Increases 10.0%/15/yrs
Pop 5Mi 6,429
Lot/AC 1.22
Options 4/5yrs/10%
AHHI 5Mi $97,176

Lease Highlights

  • Brand new 2024 construction
  • Dollar General recently executed a brand new 15-year lease with 4 (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 on West Main Street, offering excellent access and visibility from Townline Road. The property is further enhanced as it is the only Dollar General within a 8-mile radius. Additionally, it is situated approximately 9.6 miles away from downtown Batavia, and Batavia VA Medical Center. The 5-mile trade area is supported by a population of 6,429 residents...

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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 : 692 2,099 4,552
2023 Total Population : 691 2,121 4,626
2023 Employed Civilian Pop : 355 1,142 2,495
2023 Total Businesses : 16 36 82
2023 Average Household Income : $ 92,105 $ 93,518 $ 93,626
2023 Total Consumer Spending : $ 22 M $ 70 M $ 147 M
2023 Median Age : 43 44 45
2023 Total Households : 282 873 1,819
2023 Pop Age 25+: Bachelor's Degree : 93 244 555
2023 Average Home Value : $ 126,907 $ 165,382 $ 189,927
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Main St Byron Holley Rd 2006 2,590 0.07 mi
Mill Pond Rd 2021 76 0.74 mi
Byron Holley Road W Main St 2021 1,781 0.86 mi
Byron Holley Rd 2021 454 0.95 mi
Mud City Rd 2021 113 1.02 mi
Townline Rd 2021 120 1.09 mi
CR 19 Byron Elba Rd 2021 1,371 1.17 mi
Caswell Rd 2021 390 1.26 mi
2021 117 1.57 mi
Gillette Rd 2021 91 1.62 mi

Listing Broker

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