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Dollar General
1030 Congress Parkway, Athens, TN 37303
$1,585,000
Cap Rate 6.00%
Summary
| Price $1,585,000 | Built/Renov 2018 | Tenant Dollar General |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,172
| Lease Start
03-25-2018
| #Units
19,294
|
| Price/SF $172.81 | Expiration
03-31-2033
| Tenant Type Dollar/Discount |
| NOI $95,025 | R. Term 9.3 | Ownership Fee Simple |
| Rent/SF
$10.36
| Increases 10.0%/5/yrs | Pop 5Mi 21,402 |
| Lot/AC 2.64 | Options 4/5yrs/10% | AHHI 5Mi $61,043 |
| | |
Lease Highlights
- Dollar General has over 9 years remaining on the current lease term with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Dollar General Corp. (NYSE: DG)
Location Description
Dollar General is strategically located along Congress Parkway North, a major thoroughfare of Athens. The site is strategically located with neighboring national/credit tenants including Aldi, McDonald’s, Lowe’s, KFC, Arby’s and many others. The 5-mile trade area is supported by 21,402 residents earning an average annual income of $61,043. Athens is the county seat of McMinn County and the...
...Features
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Build to suit
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Oversized lot
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Major thoroughfare
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Near major nationals
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Highway location
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Income tax free state
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Absolute NNN
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Traded and rated company
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Corporate Guarantee
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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 everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,403 | 15,442 | 22,412 |
| 2023 Total Population : | 3,480 | 15,758 | 22,573 |
| 2023 Employed Civilian Pop : | 917 | 5,617 | 8,455 |
| 2023 Total Businesses : | 276 | 947 | 1,035 |
| 2023 Average Household Income : | $ 37,392 | $ 61,650 | $ 68,420 |
| 2023 Total Consumer Spending : | $ 48 M | $ 354 M | $ 550 M |
| 2023 Median Age : | 42 | 42 | 43 |
| 2023 Total Households : | 1,456 | 6,482 | 9,105 |
| 2023 Pop Age 25+: Bachelor's Degree : | 143 | 1,792 | 2,531 |
| 2023 Average Home Value : | $ 157,205 | $ 213,775 | $ 220,000 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Congress Parkway Northwest | Tellico Ave | 2022 | 14,065 | 0.13 mi |
| Lee Hwy | Burnsbrooke Dr | 2003 | 15,760 | 0.14 mi |
| Tellico Avenue | Sliger St | 2022 | 2,876 | 0.25 mi |
| Dupit Street | Decatur Pike | 2022 | 2,429 | 0.28 mi |
| VELMA RD. | George St | 2021 | 1,028 | 0.37 mi |
| Velma Road | Sullins Rd | 2022 | 2,823 | 0.43 mi |
| Decatur Pike | Haley St | 2022 | 20,763 | 0.48 mi |
| TELLICO AVE. | Cumberland Ave | 2021 | 2,305 | 0.66 mi |
| Maple Street | Elliott St | 2022 | 4,700 | 0.68 mi |
| Richardson Street | Oak St | 2022 | 545 | 0.68 mi |
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