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DOM: 388 Updated: 06.13.24 Posted: 04.24.23 Status: Sold 05.16.24

Summary

Price $1,627,098 $1,848,000
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.10% 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,542
Lease Start 08-24-2022
#Units 19,986
Price/SF $154.34 $175.30
Expiration 08-31-2037
Tenant Type Dollar/Discount
NOI $115,524
R. Term 12.3
Ownership Fee Simple
Rent/SF $10.96
Increases 10.0%/14/yrs
Pop 5Mi 67,267
Lot/AC 0.82
Options 2/5yrs/10%
AHHI 5Mi $98,667

Lease Highlights

  • Brand new construction which features high-level finishes and distinct design elements
  • New 15-year lease with 2 (5-Year) & 1 (4-Years 11-Months) options to extend
  • The lease features 10% rental increases at the beginning of each option
  • Absolute NNN lease presents zero landlord responsibilities
  • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,000 locations

Location Description

This newly constructed Dollar General which features high-level finishes and distinct design elements is strategically located along Duss Avenue with clear visibility and access to over 10,300 vehicles passing by daily. Additionally, the site is adjacent to State Highway 65 which sees 20,100 vehicles per day. Other nearby national/credit tenants include CVS, Pizza Hut, Quest Diagnostics,...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,075 34,716 66,258
2023 Total Population : 7,148 34,967 67,120
2023 Employed Civilian Pop : 3,797 17,657 33,712
2023 Total Businesses : 275 1,143 2,150
2023 Average Household Income : $ 71,545 $ 78,170 $ 102,103
2023 Total Consumer Spending : $ 205 M $ 1072 M $ 2576 M
2023 Median Age : 43 45 46
2023 Total Households : 3,257 15,665 29,200
2023 Pop Age 25+: Bachelor's Degree : 920 4,904 11,131
2023 Average Home Value : $ 192,414 $ 213,213 $ 276,808
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Duss Avenue 20th St 2021 10,346 0.13 mi
Duss Avenue 17th St 2019 10,202 0.13 mi
Lenz Avenue 24th St 2020 354 0.24 mi
Hazel Avenue N Walnut St 2020 129 0.34 mi
Merchant St Boyleston St 2016 2,992 0.38 mi
11th St Beaver Rd 2009 791 0.51 mi
11th St Duss Ave 2019 4,687 0.56 mi
Vine Street Church St 2020 74 0.63 mi
Federal Street Merchant St 2020 319 0.67 mi
11th Street Church St 2019 11,730 0.68 mi

Listing Broker

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