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Dollar General
Highway 36 66090
$1,842,646
Cap Rate 6.50%
Summary
| Price $1,842,646 | Built/Renov 2023 | Tenant Dollar General |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,566
| Lease Start
11-15-2023
| #Units
19,294
|
| Price/SF $174.39 | Expiration
11-14-2038
| Tenant Type Dollar/Discount |
| NOI $119,772 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$11.34
| Increases 10.0%/5/yrs | Pop 5Mi 15,259 |
| Lot/AC 1.27 | Options 4/5yrs/10% | AHHI 5Mi $50,879 |
| | |
Lease Highlights
- Brand-new construction | To be completed October 2023
- Brand-new 15-year lease with 4 (5-year) options to extend
- The lease features 10% rental escalations in each renewal option
- Absolute NNN lease with zero landlord responsibilities
- Dollar General is an investment grade tenant (S&P: BBB)
- Corporate guarantee by Dollar General Corporation
Location Description
Dollar General is strategically located along Highway 36 (9,260 VPD) which is the main route connecting Wathena to downtown St. Joseph and Kansas City. The subject property is positioned along South Park Street which is a main thoroughfare for the city of Wathena. It is less than one mile west of the Rosecrans Memorial Airport, a regional airport, and within proximity to downtown St. Joseph,...
...Features
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New construction
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Major thoroughfare
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Strategically located
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Highway location
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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Traded and rated company
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Over 2000 units backed
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Investment grade tenant
...
Maps
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,213 | 1,665 | 6,547 |
| 2023 Total Population : | 1,233 | 1,693 | 6,620 |
| 2023 Employed Civilian Pop : | 661 | 913 | 2,927 |
| 2023 Total Businesses : | 56 | 94 | 347 |
| 2023 Average Household Income : | $ 73,066 | $ 71,888 | $ 57,748 |
| 2023 Total Consumer Spending : | $ 31 M | $ 45 M | $ 134 M |
| 2023 Median Age : | 43 | 44 | 41 |
| 2023 Total Households : | 480 | 701 | 2,618 |
| 2023 Pop Age 25+: Bachelor's Degree : | 111 | 140 | 516 |
| 2023 Average Home Value : | $ 165,203 | $ 158,506 | $ 134,064 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S 3rd St | 2021 | 1,282 | 0.08 mi | |
| Limestone St | 2021 | 747 | 0.11 mi | |
| Treece Road | 200th Rd | 2021 | 227 | 0.18 mi |
| US 36 | St Columbus Rd | 2021 | 6,590 | 0.22 mi |
| N 6th St | 2021 | 520 | 0.22 mi | |
| Fremont St | N 7th St | 2018 | 7,310 | 0.26 mi |
| Maple Dr | 2021 | 1,041 | 0.30 mi | |
| Benton St | 2021 | 324 | 0.32 mi | |
| Jesse St | 2021 | 182 | 0.33 mi | |
| Tioga Rd | 2021 | 512 | 0.44 mi |
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