loader
Join Free
Updated: 08.09.24 Posted: 05.16.23 Status: Sold

Summary

Price $1,631,242 $1,757,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 7.00% 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 07-01-2013
#Units 19,986
Price/SF $180.73 $194.66
Expiration 06-30-2028
Tenant Type Dollar/Discount
NOI $114,187
R. Term 3.1
Ownership Fee Simple
Rent/SF $12.65
Increases 10.0%/5/yrs
Pop 5Mi 79,184
Lot/AC 1.63
Options 4/5yrs/10%
AHHI 5Mi $51,086

Lease Highlights

  • Dollar General has 4+ years remaining on its primary lease term with 4 (5-year) options to extend
  • The lease features a 10% rental increase every 5 years in option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corp. (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)
  • Income tax free state

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of Barna Avenue and Cheney Highway which sees a combined traffic count of more than 31,000 vehicles passing by daily. The site is near many national/credit tenants including CVS, SunTrust Bank, Walmart Supercenter, Lowe’s, and Home Depot. The 5-mile trade area is supported by more than 51,000 residents and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,396 35,123 53,323
2023 Total Population : 8,538 35,121 51,642
2023 Employed Civilian Pop : 4,009 15,955 21,690
2023 Total Businesses : 246 1,288 2,179
2023 Average Household Income : $ 86,725 $ 81,398 $ 82,763
2023 Total Consumer Spending : $ 275 M $ 1102 M $ 1659 M
2023 Median Age : 47 47 50
2023 Total Households : 3,651 15,530 22,956
2023 Pop Age 25+: Bachelor's Degree : 1,119 4,978 7,191
2023 Average Home Value : $ 299,223 $ 286,923 $ 296,731
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cheney Hwy Apollo Rd 2002 21,500 0.36 mi
Cheney Highway Rosehill Ave 2021 20,200 0.47 mi
Cheney Hwy Mead Ln 2008 20,370 0.48 mi
Barna Ave 11th St 2008 5,440 0.50 mi
Barna Avenue Thoreau St 2021 11,000 0.56 mi
Knox McRae Drive Rosehill Ave 2021 6,900 0.73 mi
Knox McRae Dr Rosehill Ave 2008 4,600 0.75 mi
Barna Avenue River Oaks Dr 2021 5,300 0.78 mi
Cheney Hwy Saint Patricks Dr 2008 21,500 0.82 mi
Sisson Rd Breakaway Trl 2008 6,660 0.91 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity