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Views: 104 DOM: 179 Updated: 10.06.24 Posted: 06.25.24 Status: Active

Summary

Price $1,726,709
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 03-15-2024
#Units 19,986
Price/SF $162.28
Expiration 03-31-2039
Tenant Type Dollar/Discount
NOI $116,553
R. Term 14.3
Ownership Fee Simple
Rent/SF $10.95
Increases 5.0%/5/yrs
Pop 5Mi 26,724
Lot/AC 1.78
Options 5/5yrs/5%
AHHI 5Mi $70,010

Lease Highlights

  • New 2023 construction
  • Dollar General has 14+ years remaining on the current lease term 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 is strategically located on Overland Drive, with access to 2,247 vehicles passing by daily. This property is situated next to a Dairy Queen and gas station and is surrounded by residential homes. Additionally, the immediate area is surrounded by well-known national tenants, including Hobby Lobby, Target, Harbor Freight, Walmart, and more. The 5-mile trade area is supported by a...

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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 : 5,470 22,936 26,328
2024 Total Population : 5,609 23,325 26,752
2024 Employed Civilian Pop : 2,773 10,999 12,675
2024 Total Businesses : 458 1,457 1,563
2024 Average Household Income : $ 64,852 $ 74,833 $ 77,103
2024 Total Consumer Spending : $ 137 M $ 627 M $ 742 M
2024 Median Age : 36 39 39
2024 Total Households : 2,378 9,453 10,870
2024 Pop Age 25+: Bachelor's Degree : 607 2,827 3,278
2024 Average Home Value : $ 153,829 $ 194,029 $ 198,335
*ESRI data is presented for informational purposes only

Listing Broker

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