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Views: 90 DOM: 131 Updated: 09.15.24 Posted: 05.08.24 Status: Active

Summary

Price $2,529,650
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 06-01-2024
#Units 19,986
Price/SF $237.75
Expiration 06-01-2039
Tenant Type Dollar/Discount
NOI $151,779
R. Term 14.8
Ownership Fee Simple
Rent/SF $14.26
Increases 5.0%/5/yrs
Pop 5Mi 82,810
Lot/AC 1.84
Options 3/5yrs/5%
AHHI 5Mi $136,042

Lease Highlights

  • Brand new construction | Store scheduled to open June 2024
  • Dollar General will be executing a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Whitney Avenue, a heavily traveled major thoroughfare, with access to 14,675 vehicles passing by daily. The property is less than a 5-minute drive to Quinnipiac University and approximately 8 miles north of New Haven (Yale University). The surrounding area boasts well-known national tenants such as Burger King, The UPS Store, Gulf, M&T Bank, and more....

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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 : 1,426 21,834 81,030
2023 Total Population : 1,460 22,280 82,804
2023 Employed Civilian Pop : 912 11,567 43,527
2023 Total Businesses : 59 694 4,062
2023 Average Household Income : $ 192,514 $ 164,877 $ 136,327
2023 Total Consumer Spending : $ 87 M $ 963 M $ 3765 M
2023 Median Age : 47 39 44
2023 Total Households : 543 6,979 32,544
2023 Pop Age 25+: Bachelor's Degree : 301 3,943 16,240
2023 Average Home Value : $ 407,046 $ 409,079 $ 372,656
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Whitney Ave Brooksvale Ave 2002 18,000 0.03 mi
Brooksvale Ave Conifer Dr 2012 900 0.12 mi
Brooksvale Avenue Still Hill Rd 2021 850 0.14 mi
Whitney Ave Whitney Ct 2005 17,500 0.26 mi
CT 10 Lawrence Rd 2022 732 0.56 mi
CT 10 Bittersweet Ln 2022 542 0.57 mi
Still Hill Road Choate Ave 2021 900 0.59 mi
Shepard Ave W Todd St 2012 1,400 0.88 mi
Whitney Ave Willow St 2012 17,600 0.95 mi
Whitney Ave Tuttle Ave 2012 18,100 1.01 mi

Listing Broker

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