✖
Dollar General Market
1416 11th Street, De Witt, IA 52742
$2,368,526
Cap Rate 6.50%
Summary
| Price $2,368,526 | Built/Renov 2024 | Tenant Dollar General Market |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
12,668
| Lease Start
01-26-2024
| #Units
19,294
|
| Price/SF $186.97 | Expiration
01-25-2039
| Tenant Type Dollar/Discount |
| NOI $153,954 | R. Term 15.1 | Ownership Fee Simple |
| Rent/SF
$12.15
| Increases 5.0%/5/yrs | Pop 5Mi 6,890 |
| Lot/AC 1.72 | Options 4/5yrs/5% | AHHI 5Mi $81,846 |
| | |
Lease Highlights
- Brand new 2024 construction
- Dollar General Market recently signed a new 15-year lease with 4 (5-year) options to extend
- The lease features 5% rental increases every 5 years
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee | Investment grade tenant
Location Description
This newly constructed Dollar General Market is strategically located on 11th Street, benefiting from it close proximity to Genesis Medical Center, DeWitt and MercyOne DeWitt Family Medicine. The property is surrounded by well-known national tenants, including McDonald's, Pizza Hut, Dairy Queen, and several others. Moreover, it is conveniently situated within 1 mile of Ekstrand Elementary...
...Features
-
New construction
-
Near major nationals
-
Strategically located
-
Hospital close
-
Brand new lease
-
Long 15+ yr lease
-
Absolute NNN
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General Market
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- 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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,626 | 6,400 | 7,626 |
| 2023 Total Population : | 4,650 | 6,437 | 7,684 |
| 2023 Employed Civilian Pop : | 2,119 | 3,020 | 3,729 |
| 2023 Total Businesses : | 239 | 335 | 375 |
| 2023 Average Household Income : | $ 101,895 | $ 101,432 | $ 106,141 |
| 2023 Total Consumer Spending : | $ 165 M | $ 232 M | $ 288 M |
| 2023 Median Age : | 42 | 42 | 43 |
| 2023 Total Households : | 1,876 | 2,643 | 3,148 |
| 2023 Pop Age 25+: Bachelor's Degree : | 848 | 1,163 | 1,348 |
| 2023 Average Home Value : | $ 238,779 | $ 242,767 | $ 249,432 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 11th St | 14th Ave | 2006 | 8,900 | 0.06 mi |
| 11th Street | Westbrook Dr | 2022 | 8,900 | 0.12 mi |
| 12th Ave | 15th St | 2006 | 600 | 0.29 mi |
| 7th St | 10th Ave | 2006 | 2,140 | 0.38 mi |
| 14th Ave | Elm Ct | 2006 | 1,630 | 0.41 mi |
| 14th St | 8th Ave | 2006 | 1,500 | 0.44 mi |
| 8th Ave | 12th St | 2006 | 2,500 | 0.47 mi |
| Springbrook Rd | 225th St | 2006 | 390 | 0.55 mi |
| 6th Ave | 14th St | 2006 | 2,650 | 0.66 mi |
| 8th St | 5th Ave | 2006 | 870 | 0.74 mi |
