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Views: 26 DOM: 25 Updated: 04.22.24 Posted: 04.22.24 Status: Active

Summary

Price $1,973,581
Built/Renov 2024
Tenant Dollar General Plus
Cap Rate 6.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 04-08-2024
#Units 19,986
Price/SF $185.49
Expiration 04-30-2039
Tenant Type Dollar/Discount
NOI $127,296
R. Term 14.11
Ownership Fee Simple
Rent/SF $11.96
Increases 5.0%/5/yrs
Pop 5Mi 7,495
Lot/AC 1.72
Options 5/5yrs/5%
AHHI 5Mi $53,810

Lease Highlights

  • Brand-new 2024 construction
  • Dollar General 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 Plus is strategically located on US-13, with access to 11,000 vehicles passing by daily. The property is adjacent to the Greene County Sports Complex. Additionally, the immediate area is surrounded by well-known national tenants including Walgreens, AutoZone, Family Dollar, Advanced Auto Parts, Piggly Wiggly, and more. The 5-mile trade area is supported by a population of 7,495...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 258 N 2022 9,634 0.14 mi
US Hwy 13 Hwy 258 N 2019 10,500 0.18 mi
Hwy 91 2022 12,034 0.31 mi
Akene Rd 2022 3,149 0.33 mi
N Greene St 2022 6,259 0.36 mi
Beaman Old Creek Road Heath Rd 2022 877 0.39 mi
Fourway Road Hwy 258 N 2022 1,491 0.60 mi
US 258 Mill St 2022 5,666 0.61 mi
Southeast 2nd Street Mill St 2019 5,600 0.62 mi
North Greene Street SE 2nd St 2022 1,762 0.63 mi

Listing Broker

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