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Views: 0 DOM: 27 Updated: 11.14.23 Posted: 11.14.23 Status: Active

Summary

Price $1,379,016
Built/Renov 2021
Tenant Dollar General
Cap Rate 6.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 01-25-2022
#Units 19,294
Price/SF $130.51
Expiration 01-31-2037
Tenant Type Dollar/Discount
NOI $84,120
R. Term 13.1
Ownership Fee Simple
Rent/SF $7.96
Increases 10.0%/13/yrs
Pop 5Mi 7,805
Lot/AC 2.13
Options 5/5yrs/10%
AHHI 5Mi $43,353

Lease Highlights

  • 2021 build-to-suit construction
  • Dollar General has 13+ years remaining on the current lease term with 5 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The subject property is ideally situated on State Hwy 23, which sees traffic counts in excess of 14,000+ vehicles per day. Additionally, it is within close proximity to Commercial St. (15,000+ VPD) and Interstate 40 (30,000+ VPD). Surrounding national tenants include Walgreens, McDonald's, NAPA, Sonic, Subway, Walmart, and more, creating a strong drive to the area and promoting crossover...

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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 : 24 3,318 5,831
2023 Total Population : 24 3,324 5,865
2023 Employed Civilian Pop : 9 1,093 2,051
2023 Total Businesses : 10 163 269
2023 Average Household Income : $ 43,983 $ 40,293 $ 47,884
2023 Total Consumer Spending : $ 0 M $ 45 M $ 97 M
2023 Median Age : 39 39 41
2023 Total Households : 7 1,252 2,274
2023 Pop Age 25+: Bachelor's Degree : 1 85 223
2023 Average Home Value : $ 125,000 $ 114,478 $ 128,255
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
40 Hwy 23 2021 2,200 0.17 mi
40 Hwy 23 2021 1,900 0.21 mi
40 State Hwy 23 2021 1,700 0.24 mi
AR 23 Puddin Ridge Rd 2021 5,400 0.30 mi
40 Hwy 23 2021 2,600 0.31 mi
2019 480 0.91 mi
AR 23 Hwy 352 2021 3,100 1.10 mi
N 3rd St 2019 460 1.45 mi
Commerce Dr N 18th St 2002 1,700 1.64 mi
I 40 N 3rd St 2021 22,000 1.72 mi

Listing Broker

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