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Dollar General
111 North Main Street, Fair Haven, VT 05743
$1,214,286
Cap Rate 7.00%
Summary
| Price $1,214,286 | Built/Renov 2009 | Tenant Dollar General |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
10,000
| Lease Start
08-01-2009
| #Units
19,294
|
| Price/SF $121.43 | Expiration
08-31-2031
| Tenant Type Dollar/Discount |
| NOI $85,000 | R. Term 7.8 | Ownership Fee Simple |
| Rent/SF
$8.50
| Increases 10.0%/8/yrs | Pop 5Mi 7,685 |
| Lot/AC 0.92 | Options 3/5yrs/10% | AHHI 5Mi $83,084 |
| | |
Lease Highlights
- Dollar General has 7+ years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 10% rental increases throughout the initial term and at the start of each option
- Favorable NN+ lease with landlord responsible for roof and structure
- Corporate guaranteed lease
Location Description
Dollar General is strategically located, with excellent visibility, on N. Main St. which sees 4,585+ vehicles passing by daily. The property benefits from extremely limited competition in the surrounding area. Nearby retailers include Dunkin, Walgreens, McDonald’s, Subway, and more, creating strong crossover traffic to the site. There are 7,456 residents, earning an average household income of...
...Features
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Major thoroughfare
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Near major nationals
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Strategically located
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Highway close
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Recently extended lease
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Limited competition
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Favorable NN+ lease
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Traded and rated company
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Corporate Guarantee
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Investment grade tenant
...
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 : | 2,034 | 4,261 | 7,944 |
| 2023 Total Population : | 2,070 | 4,276 | 7,890 |
| 2023 Employed Civilian Pop : | 1,020 | 1,999 | 3,596 |
| 2023 Total Businesses : | 98 | 192 | 311 |
| 2023 Average Household Income : | $ 79,108 | $ 77,897 | $ 80,035 |
| 2023 Total Consumer Spending : | $ 60 M | $ 129 M | $ 215 M |
| 2023 Median Age : | 45 | 41 | 40 |
| 2023 Total Households : | 880 | 1,914 | 3,098 |
| 2023 Pop Age 25+: Bachelor's Degree : | 202 | 484 | 988 |
| 2023 Average Home Value : | $ 211,682 | $ 215,192 | $ 230,052 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Street | Washington St | 2022 | 1,433 | 0.19 mi |
| Main Street | Marble St | 2019 | 5,449 | 0.25 mi |
| Washington St | Grape St | 2002 | 4,700 | 0.26 mi |
| Main Street | Maple St | 2022 | 5,271 | 0.27 mi |
| Main Street | Marble St | 2021 | 5,229 | 0.27 mi |
| South Main Street | Main St | 2022 | 3,887 | 0.42 mi |
| 4th Street | 4th St Exd | 2022 | 2,590 | 0.43 mi |
| State Hwy4a | 2022 | 2,743 | 0.55 mi | |
| Washington St | Lewis Ln | 2002 | 5,500 | 0.59 mi |
| Washington Street | Lewis Ln | 2021 | 4,725 | 0.62 mi |
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