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Views: 19 DOM: 18 Updated: 05.01.24 Posted: 05.01.24 Status: Active

Summary

Price $1,011,373
Built/Renov 2010
Tenant Dollar General
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 05-01-2015
#Units 19,986
Price/SF $112.20
Expiration 05-31-2030
Tenant Type Dollar/Discount
NOI $75,853
R. Term 6.0
Ownership Fee Simple
Rent/SF $8.42
Increases 10.0%/6/yrs
Pop 5Mi 15,105
Lot/AC 1.33
Options 5/5yrs/10%
AHHI 5Mi $54,703

Lease Highlights

  • Dollar General has 6 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 Mutual Boulevard, with access to 5,400 vehicles passing by daily. The property is surrounded by well-known national tenants, including Walmart, Lowe’s, Starbucks, Tractor Supply, and more. Additionally, it is in close proximity to ECU Health Edgecombe Hospital and several residential housing complexes. 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
2028 Total Population : 2,176 11,162 13,921
2023 Total Population : 2,242 11,460 14,276
2023 Employed Civilian Pop : 840 4,168 5,216
2023 Total Businesses : 230 614 717
2023 Average Household Income : $ 50,303 $ 62,032 $ 65,846
2023 Total Consumer Spending : $ 39 M $ 270 M $ 353 M
2023 Median Age : 42 44 44
2023 Total Households : 881 4,937 6,055
2023 Pop Age 25+: Bachelor's Degree : 227 1,389 1,711
2023 Average Home Value : $ 122,764 $ 183,557 $ 176,198
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
River View St Cherry St 2004 5,600 0.14 mi
Mutual Boulevard Church St 2022 4,955 0.17 mi
South Main Street River View St 2022 9,128 0.29 mi
Mutual Boulevard S Main St 2022 4,670 0.33 mi
NC 111 Pioneer Dr 2022 3,242 0.36 mi
Mutual Boulevard Pioneer Dr 2022 2,430 0.38 mi
Mutual Boulevard Pioneer Dr 2019 2,100 0.40 mi
Greenwood Boulevard Pioneer Dr 2019 3,100 0.41 mi
Greenwood Boulevard Pioneer Dr 2018 3,100 0.41 mi
US 64 Alternate;US 2 US Hwy 64 2022 2,475 0.45 mi

Listing Broker

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