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Views: 141 DOM: 342 Updated: 11.07.24 Posted: 12.15.23 Status: Active

Summary

Price $1,308,077
Built/Renov 2018
Tenant Dollar General
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 07-18-2018
#Units 19,986
Price/SF $143.74
Expiration 07-31-2033
Tenant Type Dollar/Discount
NOI $101,376
R. Term 8.8
Ownership Fee Simple
Rent/SF $11.14
Increases 10.0%/10/yrs
Pop 5Mi 7,224
Lot/AC 2.61
Options 3/5yrs/10%
AHHI 5Mi $69,767

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 2 (5-year) and 1 (4 year, 11 months) options to extend
  • Lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed | Investment grade tenant

Location Description

Dollar General is strategically located with signage and excellent frontage on W. Roy Furman Hwy., with access to 4,817 vehicles passing by daily. The property is just 5 miles from downtown Waynesburg, and home to some of the county's primary economic drivers, including Waynesburg University, and Washington Health System. Additionally, 70% of Dollar General stores cater to communities like...

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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 : 213 764 7,069
2023 Total Population : 222 797 7,224
2023 Employed Civilian Pop : 101 340 3,110
2023 Total Businesses : 19 35 357
2023 Average Household Income : $ 95,551 $ 84,404 $ 69,767
2023 Total Consumer Spending : $ 7 M $ 25 M $ 173 M
2023 Median Age : 48 46 36
2023 Total Households : 86 337 2,781
2023 Pop Age 25+: Bachelor's Degree : 13 41 658
2023 Average Home Value : $ 272,015 $ 273,148 $ 213,306
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Church Street 2020 245 0.49 mi
Roy E. Furman Highway W Roy Furman Hwy 2020 5,084 0.52 mi
Roy E. Furman Highway Sawmill Rd 2021 5,592 0.52 mi
W Roy Furman Hwy T464 2017 3,159 1.05 mi
Golden Oaks Road Hargus Creek Rd 2021 3,042 1.05 mi
Roy E. Furman Highway T464 2021 3,204 1.43 mi
Hargus Creek Rd T434 2016 393 1.60 mi
Roy E Furman Hwy Oak Forest Rd 2016 4,817 1.73 mi
Oak Forest Road T511 2021 1,754 1.79 mi
Golden Oaks Rd T444 2017 2,341 1.83 mi

Listing Broker

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