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Views: 34 DOM: 52 Updated: 04.24.24 Posted: 03.29.24 Status: Active

Summary

Price $2,209,661
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 05-13-2024
#Units 19,986
Price/SF $174.17
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $143,628
R. Term 15.0
Ownership Fee Simple
Rent/SF $11.32
Increases 5.0%/5/yrs
Pop 5Mi 5,727
Lot/AC 1.66
Options 5/5yrs/5%
AHHI 5Mi $67,834

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 Main Street, with access to 10,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Sonic, U-Haul, H&R Block, UPS, and more. Key educational institutions in the vicinity include Green Forest Park, Green Forest High School, Green Forest Middle School, and Green Forest Elementary. The 5-mile...

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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 : 3,190 4,823 5,997
2023 Total Population : 3,053 4,651 5,830
2023 Employed Civilian Pop : 1,400 2,076 2,512
2023 Total Businesses : 85 117 131
2023 Average Household Income : $ 59,851 $ 60,612 $ 60,738
2023 Total Consumer Spending : $ 55 M $ 86 M $ 110 M
2023 Median Age : 33 34 36
2023 Total Households : 1,057 1,621 2,059
2023 Pop Age 25+: Bachelor's Degree : 129 231 304
2023 Average Home Value : $ 133,278 $ 192,632 $ 229,891
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Main Street Montana Pl 2021 9,200 0.01 mi
Tyson Avenue Humbard Ct 2021 2,800 0.24 mi
62 White Ave 2020 10,000 0.30 mi
East Main Street White Ave 2018 11,000 0.30 mi
East Main Street N Arch Ave 2021 11,000 0.30 mi
South Springfield Avenue 3rd St 2021 1,600 0.53 mi
W Main St Western St 2002 9,000 1.07 mi
Hwy 311 Co Rd 806 2021 1,200 1.58 mi
US 62;AR 103 Hwy 103 2021 9,100 1.61 mi
SR 103 Co Rd 744 2021 1,300 1.79 mi

Listing Broker

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