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Views: 16 DOM: 18 Updated: 05.01.24 Posted: 05.01.24 Status: Active

Summary

Price $1,257,577
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 06-01-2015
#Units 19,986
Price/SF $139.33
Expiration 06-30-2030
Tenant Type Dollar/Discount
NOI $89,288
R. Term 6.1
Ownership Fee Simple
Rent/SF $9.89
Increases 10.0%/6/yrs
Pop 5Mi 35,522
Lot/AC 1.59
Options 5/5yrs/10%
AHHI 5Mi $73,456

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
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Peppers Ferry Road, with access to 12,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Target, TJ Maxx, Walmart, Home Depot, and more. Additionally, it is in proximity to Carilion New River Medical Center and surrounded by several housing complexes such as Fairlawn Apartments, Norwood Station...

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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 : 989 5,291 35,773
2023 Total Population : 1,012 5,287 35,713
2023 Employed Civilian Pop : 408 2,274 16,421
2023 Total Businesses : 23 134 882
2023 Average Household Income : $ 73,832 $ 79,073 $ 76,581
2023 Total Consumer Spending : $ 27 M $ 157 M $ 938 M
2023 Median Age : 43 38 28
2023 Total Households : 418 2,277 14,029
2023 Pop Age 25+: Bachelor's Degree : 132 838 4,394
2023 Average Home Value : $ 264,134 $ 335,479 $ 311,473
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Peppers Ferry Rd Prices Fork Rd 2016 12,000 0.04 mi
Walton Rd Morning Glory Dr 2015 690 0.13 mi
Prices Fork Road Peppers Ferry Rd 2018 6,200 0.15 mi
Peppers Ferry Rd Waterworks Rd 2016 12,000 0.18 mi
R-VA060SC00799NB Peppers Ferry Rd 2020 90 0.28 mi
R-VA060SC00800NB Peppers Ferry Rd 2020 100 0.39 mi
Victoria Ln 2021 12,000 0.57 mi
Peppers Ferry Road Victoria Ln 2018 12,000 0.58 mi
Morning Glory Drive Walton Rd 2020 370 0.78 mi
Coal Hollow Rd Peppers Ferry Rd 2013 160 0.83 mi

Listing Broker

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