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Views: 23 DOM: 15 Updated: 05.03.24 Posted: 05.03.24 Status: Active

Summary

Price $2,636,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 04-01-2024
#Units 19,986
Price/SF $247.74
Expiration 03-31-2039
Tenant Type Dollar/Discount
NOI $164,736
R. Term 14.10
Ownership Fee Simple
Rent/SF $15.48
Increases 10.0%/14/yrs
Pop 5Mi 2,145
Lot/AC 2.38
Options 3/5yrs/10%
AHHI 5Mi $136,497

Lease Highlights

  • Brand new 2023 construction
  • Dollar General recently executed a brand new 15-year lease with 2 (5-year) options to extend
  • The lease features 10% 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 90th Street West, benefiting from its proximity to Trader Joe’s, which is constructing a one-million-square-foot distribution center in Palmdale. The vicinity also hosts well-known national tenants such as Michaels, Rite Aid, Lowe's, and others. Furthermore, the property is conveniently situated approximately 66 miles from Hollywood Burbank Airport...

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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 : 1,080 2,090 3,219
2023 Total Population : 1,108 2,145 3,285
2023 Employed Civilian Pop : 517 969 1,491
2023 Total Businesses : 22 38 93
2023 Average Household Income : $ 137,011 $ 136,497 $ 135,934
2023 Total Consumer Spending : $ 45 M $ 80 M $ 127 M
2023 Median Age : 46 46 44
2023 Total Households : 392 696 1,098
2023 Pop Age 25+: Bachelor's Degree : 82 204 322
2023 Average Home Value : $ 356,464 $ 372,655 $ 507,732
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
90th St W Wood Ave 2010 1,848 0.51 mi
90th St W W Ave F 2010 1,438 0.69 mi
West Avenue E 80th St W 2018 3,071 1.12 mi
90th St W W Ave F-8 2013 1,584 1.34 mi
90th St W W Ave D 2011 1,095 1.37 mi
W Ave D 90th St W 2010 2,919 1.42 mi
W Ave D 90th St W 2010 2,542 1.43 mi
90th St W W Ave D 2011 1,629 1.47 mi
W Ave G 90th St W 2014 625 1.61 mi
W Ave G 90th St W 2013 585 1.61 mi

Listing Broker

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