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Views: 30 DOM: 49 Updated: 04.24.24 Posted: 03.29.24 Status: Active

Summary

Price $2,283,771
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 03-25-2024
#Units 19,294
Price/SF $180.01
Expiration 03-31-2039
Tenant Type Dollar/Discount
NOI $159,864
R. Term 14.10
Ownership Fee Simple
Rent/SF $12.60
Increases 5.0%/5/yrs
Pop 5Mi 11,270
Lot/AC 1.44
Options 5/5yrs/5%
AHHI 5Mi $68,775

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General Market recently executed 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 Highway 16, with access to 21,000 vehicles passing by daily. This prime location is further enhanced by limited competition in the area. Key educational institutions in the vicinity include Bouge Chitto Elementary, Bouge Chitto Early Childhood Center, and Tucker Early Childhood Center. The 5-mile trade area is supported by a population of...

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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:19,294
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 308 3,701 11,407
2023 Total Population : 305 3,674 11,429
2023 Employed Civilian Pop : 127 1,443 4,350
2023 Total Businesses : 4 118 619
2023 Average Household Income : $ 74,281 $ 63,741 $ 62,519
2023 Total Consumer Spending : $ 6 M $ 83 M $ 248 M
2023 Median Age : 43 42 39
2023 Total Households : 107 1,512 4,550
2023 Pop Age 25+: Bachelor's Degree : 32 285 763
2023 Average Home Value : $ 201,667 $ 168,577 $ 145,875
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Co Rd 616 2021 2,100 0.71 mi
Co Rd 618 2021 6,100 0.93 mi
Hwy 16 E Co Rd 2630 2018 6,400 0.93 mi
State Hwy 486 Dogwood Ln 2018 1,300 1.05 mi
Co Rd 545 2021 1,200 1.05 mi
County Road 616 Co Rd 553 2021 510 1.62 mi
County Road 547 Co Rd 2444 2021 200 1.83 mi
Eastover Drive Leeanne 2021 190 2.13 mi
Williamson Avenue Knight St 2021 880 2.22 mi
Air Park Drive Air PkDr 2021 270 2.51 mi

Listing Broker

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