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Views: 24 DOM: 20 Updated: 04.27.24 Posted: 04.27.24 Status: Active

Summary

Price $2,340,563
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 05-02-2024
#Units 19,986
Price/SF $184.49
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $149,796
R. Term 15.0
Ownership Fee Simple
Rent/SF $11.81
Increases 5.0%/5/yrs
Pop 5Mi 13,301
Lot/AC 2.90
Options 5/5yrs/5%
AHHI 5Mi $61,214

Lease Highlights

  • Brand new 2024 construction
  • Dollar General Market will be executing a brand new 15-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 East Center Street, with access to 14,600 vehicles passing by daily. The property is surrounded by housing complexes and educational institutions, including East Hills Middle School, East Point Elementary School, Preschool Extraordinaire, Forest Oaks Apartments, and more. The 5-mile trade area is supported by a population of 13,301 residents...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,206 10,221 13,366
2023 Total Population : 3,114 10,050 13,207
2023 Employed Civilian Pop : 1,314 4,440 5,816
2023 Total Businesses : 36 238 299
2023 Average Household Income : $ 78,905 $ 82,741 $ 84,876
2023 Total Consumer Spending : $ 77 M $ 269 M $ 364 M
2023 Median Age : 35 38 39
2023 Total Households : 1,151 3,776 4,963
2023 Pop Age 25+: Bachelor's Degree : 305 1,182 1,516
2023 Average Home Value : $ 226,794 $ 217,279 $ 223,477
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ware Rd Appalossa Dr 2017 3,000 0.59 mi
East Center Street Ware Rd 2021 7,000 0.63 mi
East Center Street State Hwy 96 2021 12,000 0.70 mi
AR 96 Ware Rd 2021 3,000 0.80 mi
Bell Rd E Atlanta St 2017 3,100 0.99 mi
Bell Road E Atlanta St 2021 3,200 0.99 mi
E Center St Bell Rd 2017 13,000 1.02 mi
North Main Street W Chicago St 2021 3,000 1.18 mi
S Coker St W Dogwood 2002 4,400 1.29 mi
Old Hackett Road S Coker St 2021 3,900 1.31 mi

Listing Broker

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