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Views: 32 DOM: 46 Updated: 05.20.24 Posted: 04.05.24 Status: Active

Summary

Price $2,320,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 02-14-2024
#Units 19,986
Price/SF $183.14
Expiration 02-28-2039
Tenant Type Dollar/Discount
NOI $156,580
R. Term 14.9
Ownership Fee Simple
Rent/SF $12.36
Increases 5.0%/5/yrs
Pop 5Mi 3,896
Lot/AC 1.74
Options 5/5yrs/5%
AHHI 5Mi $52,194

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General Market recently executed a brand-new 20-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Highway 77, with access to 5,930 vehicles passing by daily. The property is conveniently situated near well-known national tenants including NAPA, Piggly Wiggly, McDonald's, H&R Block, and more. Furthermore, it is in close proximity to key community establishments such as Ashland Elementary, Accordia Health, and Ashland Garden Apartments. The...

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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 : 471 2,399 3,821
2023 Total Population : 476 2,426 3,841
2023 Employed Civilian Pop : 191 999 1,678
2023 Total Businesses : 9 103 133
2023 Average Household Income : $ 45,146 $ 54,436 $ 58,302
2023 Total Consumer Spending : $ 7 M $ 50 M $ 85 M
2023 Median Age : 42 44 45
2023 Total Households : 174 1,035 1,632
2023 Pop Age 25+: Bachelor's Degree : 35 204 315
2023 Average Home Value : $ 220,975 $ 216,801 $ 210,297
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
SR 77 County Rd130 2019 3,361 0.11 mi
Hwy 77 Clark Rd 2018 3,501 0.42 mi
State Route 77 2nd Ave S 2002 5,930 0.67 mi
High Pine Road 3rd Ave S 2014 380 0.76 mi
County Rd130 2018 2,774 1.04 mi
Hwy 77 4th St NW 2020 5,406 1.15 mi
AL 77 Hwy 77 Lp 2021 5,406 1.15 mi
SR 77 Patty Ln 2019 5,381 1.21 mi
State Route 9 6th Ave S 2019 3,220 1.33 mi
6th Avenue South State Rte 9 2014 2,950 1.41 mi

Listing Broker

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