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

Summary

Price $1,565,789
Built/Renov 2010
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,148
Lease Start 05-01-2016
#Units 19,986
Price/SF $171.16
Expiration 05-31-2031
Tenant Type Dollar/Discount
NOI $111,171
R. Term 7.0
Ownership Fee Simple
Rent/SF $12.15
Increases 10.0%/7/yrs
Pop 5Mi 8,789
Lot/AC 1.09
Options 3/5yrs/10%
AHHI 5Mi $99,937

Lease Highlights

  • Dollar General has 7 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Moneta Road, with access to 7,900 vehicles passing by daily. The property is surrounded by well-known national tenants, including Food Lion, O’Reilly Auto Parts, Atlantic Union Bank, and more. Additionally, it is just minutes from Smith Mountain Lake, a popular recreational area. The 5-mile trade area is supported by a population of 8,789 residents...

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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 : 6 3,079 8,144
2023 Total Population : 6 3,007 7,957
2023 Employed Civilian Pop : 2 1,272 3,292
2023 Total Businesses : 2 163 267
2023 Average Household Income : $ 109,102 $ 103,942 $ 105,212
2023 Total Consumer Spending : $ 0 M $ 126 M $ 335 M
2023 Median Age : 68 50 52
2023 Total Households : 3 1,379 3,634
2023 Pop Age 25+: Bachelor's Degree : 1 324 990
2023 Average Home Value : $ 625,000 $ 363,080 $ 472,096
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Moneta Road Diamond Hill Rd 2021 7,700 0.38 mi
Moneta Road Hendricks Store Rd 2020 6,600 0.38 mi
Bridgewater Bay Dr Moneta Rd 2010 310 1.02 mi
Hendricks Store Road Lynch Rd 2021 4,500 1.06 mi
Lynch Road Family Cir Ln 2020 180 1.12 mi
Timberwood Ln Crystal Shores Dr 2013 760 1.26 mi
South Old Moneta Road Downtown Moneta Dr 2020 660 1.31 mi
White House Road Garcia Dr 2020 1,800 1.39 mi
White House Road Garcia Dr 2021 2,100 1.39 mi
R-VA009SC00902EB Celebration Ave 2020 20 1.51 mi

Listing Broker

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