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Views: 23 DOM: 18 Updated: 05.01.24 Posted: 05.01.24 Status: Active

Summary

Price $1,013,693
Built/Renov 2010
Tenant Dollar General
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 11-01-2014
#Units 19,986
Price/SF $112.46
Expiration 11-30-2029
Tenant Type Dollar/Discount
NOI $76,027
R. Term 5.6
Ownership Fee Simple
Rent/SF $8.43
Increases 10.0%/5/yrs
Pop 5Mi 2,287
Lot/AC 1.75
Options 5/5yrs/10%
AHHI 5Mi $48,745

Lease Highlights

  • Dollar General has 5+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on East Church Street, with access to 4,200 vehicles passing by daily. The property is further enhanced as there is virtually no other competition in the area. Additionally, the site is within close proximity to residential communities, US Mideast Regional Housing, and Lassiter's Trailer Park. The 5-mile trade area is supported by a population of 2,287...

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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 : 405 980 1,615
2023 Total Population : 429 1,041 1,715
2023 Employed Civilian Pop : 166 394 641
2023 Total Businesses : 16 31 38
2023 Average Household Income : $ 49,266 $ 48,112 $ 48,180
2023 Total Consumer Spending : $ 7 M $ 20 M $ 32 M
2023 Median Age : 45 44 44
2023 Total Households : 175 462 744
2023 Pop Age 25+: Bachelor's Degree : 37 67 124
2023 Average Home Value : $ 81,148 $ 93,636 $ 95,385
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Church Street Hwy 42 2022 3,604 0.08 mi
West Church Street Hwy 11 S 2022 5,213 0.11 mi
Cashie Street E Church St 2022 1,178 0.12 mi
E Church St Lake Rd 2004 3,400 0.14 mi
Main Street Hoggard St 2022 898 0.19 mi
State Hwy 42 Grange St 2018 4,900 0.19 mi
Lewiston Road Dr Mlk Jr Dr 2022 5,635 0.27 mi
Thompson Dr Woody Ln 2004 640 0.31 mi
Main St Marriana St 2004 1,900 0.33 mi
NC 11;NC 42 Cashie St 2022 5,893 0.34 mi

Listing Broker

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