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Views: 152 DOM: 261 Updated: 10.15.24 Posted: 03.07.24 Status: Contract

Summary

Price $1,192,250
Built/Renov 2005/2024
Tenant Dollar General
Cap Rate 7.51%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,180
Lease Start 01-31-2024
#Units 19,986
Price/SF $129.87
Expiration 12-01-2034
Tenant Type Dollar/Discount
NOI $89,493
R. Term 10.0
Ownership Fee Simple
Rent/SF $9.75
Increases 10.0%/11/yrs
Pop 5Mi 8,001
Lot/AC 0.84
Options 4/5yrs/10%
AHHI 5Mi $66,771

Lease Highlights

  • Dollar General recently executed a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on US-42/W Main Street, with access to 4300 vehicles passing by daily. Positioned on a primary traffic artery, the property benefits from its proximity to the Yutaka Technologies Automotive Component Plant, as well as its adjacency to a self-storage facility and a manufactured home community. This prime location is further enhanced by the presence of...

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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 : 1,651 3,501 7,467
2023 Total Population : 1,623 3,478 7,499
2023 Employed Civilian Pop : 761 1,625 3,615
2023 Total Businesses : 36 64 183
2023 Average Household Income : $ 64,863 $ 67,912 $ 77,587
2023 Total Consumer Spending : $ 36 M $ 81 M $ 201 M
2023 Median Age : 38 39 41
2023 Total Households : 639 1,378 2,962
2023 Pop Age 25+: Bachelor's Degree : 66 158 448
2023 Average Home Value : $ 162,929 $ 173,591 $ 185,369
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
RD 11 Cardington-Denmark Martel Rd 2020 1,229 0.48 mi
3RD ST Kilbourne-Cardington Rd 2020 144 0.48 mi
Union Street Morgan St 2021 38 0.52 mi
West Main Street Flint St 2021 4,333 0.60 mi
North Marion Street Railroad St 2021 2,491 0.69 mi
South Marion Street Nichols St 2021 2,112 0.69 mi
RD 28 State Hwy529 2020 769 0.91 mi
RD 132 Burr Rd 2020 556 1.03 mi
Gilead Street Crestview Dr 2021 4,429 1.22 mi
RD 141 Curl Rd 2020 159 1.23 mi

Listing Broker

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