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Updated: 07.12.24 Posted: 12.13.23 Status: Sold    

Summary

Price $1,996,000
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,688
Lease Start 09-04-2023
#Units 19,986
Price/SF $157.31
Expiration 09-30-2038
Tenant Type Dollar/Discount
NOI $132,729
R. Term 13.2
Ownership Fee Simple
Rent/SF $10.46
Increases 10.0%/15/yrs
Pop 5Mi 6,847
Lot/AC 1.93
Options 3/5yrs/10%
AHHI 5Mi $101,622

Highlights

  • Brand-new 2023 construction
  • Dollar General Market recently signed a brand-new 15-year lease with 3 (5-year) options
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General Market is strategically located on D Highway, benefiting from a prime location with limited competition in the immediate area. The property enjoys the advantage of being in close proximity to Lawson High School, which boasts an enrollment of 400 students, and Lawson Middle School. Furthermore, it offers convenient access to Lawson Lake and the Hidden Valley Golf Course. Nearby...

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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 : 2,295 3,820 6,860
2023 Total Population : 2,305 3,817 6,847
2023 Employed Civilian Pop : 1,058 1,793 3,323
2023 Total Businesses : 71 85 117
2023 Average Household Income : $ 87,378 $ 95,900 $ 101,622
2023 Total Consumer Spending : $ 63 M $ 114 M $ 219 M
2023 Median Age : 37 39 43
2023 Total Households : 839 1,386 2,510
2023 Pop Age 25+: Bachelor's Degree : 234 387 627
2023 Average Home Value : $ 203,757 $ 246,883 $ 266,918
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northeast 192nd Street Cates St 2022 2,996 0.22 mi
US Hwy 69 Industrial Blvd 2019 4,461 0.89 mi
East 6th Street Education St 2022 2,996 0.92 mi
E 6th St Education St 2019 2,568 0.92 mi
SE Elissa Ln 2022 2,502 0.92 mi
US Hwy 69 Industrial Blvd 2014 4,286 1.05 mi
Fred Evans Rd 2015 214 1.06 mi
E 6th St Hwy D 2014 4,723 1.23 mi
Salem Rd 184th St 2015 700 1.63 mi
SE Elissa Ln 2022 2,502 1.79 mi

Listing Broker

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