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DOM: 148 Updated: 04.18.24 Posted: 11.22.23 Status: Sold 04.18.24

Summary

Price $1,226,111 $1,968,000
Built/Renov 2012
Tenant Dollar General
Cap Rate 12.85% 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,382
Lease Start 11-01-2012
#Units 19,294
Price/SF $99.02 $158.94
Expiration 10-31-2027
Tenant Type Dollar/Discount
NOI $157,500
R. Term 2.5
Ownership Fee Simple
Rent/SF $12.72
Increases 10.0%/4/yrs
Pop 5Mi 22,131
Lot/AC 1.28
Options 3/5yrs/10%
AHHI 5Mi $65,831

Lease Highlights

  • Dollar General has 3+ years remaining on the primary lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease | Investment grade tenant

Location Description

Dollar General is strategically located off Palms Highway, with access to 30,000 vehicles passing by daily. The property boasts proximity to Joshua Tree National Park and is conveniently positioned down the street from a strong retail corridor featuring well-known national tenants such as IHOP, Carl’s Jr., Tractor Supply Co, Vons, McDonald’s, and more. Situated between Hawks Landing Golf...

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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:19,294
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,048 13,607 21,961
2023 Total Population : 4,025 13,644 22,013
2023 Employed Civilian Pop : 1,425 5,199 9,014
2023 Total Businesses : 208 682 863
2023 Average Household Income : $ 73,051 $ 78,028 $ 81,715
2023 Total Consumer Spending : $ 113 M $ 399 M $ 643 M
2023 Median Age : 42 44 43
2023 Total Households : 1,766 5,850 8,997
2023 Pop Age 25+: Bachelor's Degree : 236 1,145 1,884
2023 Average Home Value : $ 194,390 $ 306,268 $ 361,150
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hopi Trl Pueblo Trl 2007 664 0.18 mi
29 Palms Hwy Geronimo Trl 2010 26,000 0.19 mi
Fox Trl Alley Aly 2007 419 0.26 mi
Yucca Trl Wamego Trl 2010 2,144 0.27 mi
Santa Fe Trl Jemez Trl 2007 756 0.28 mi
Kickapoo Trl Santa Fe Trl 2010 2,871 0.33 mi
62 2018 29,000 0.37 mi
Katje Way Alley Aly 2007 687 0.37 mi
Pioneertown Rd Yucca Trl 2010 2,201 0.41 mi
Deer Trail 2021 28,500 0.42 mi

Listing Broker

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