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 |
| |
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...
...New construction
New prototype
Build to suit
Near major nationals
Highway location
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
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 |
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 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]