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Dollar General
11477 Jeddo Road, Yale, MI 48097
$1,677,417
Cap Rate 6.35%
Summary
| Price $1,677,417 | Built/Renov 2023 | Tenant Dollar General |
| Cap Rate 6.35% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,640
| Lease Start
08-01-2023
| #Units
19,294
|
| Price/SF $157.65 | Expiration
07-31-2038
| Tenant Type Dollar/Discount |
| NOI $106,516 | R. Term 14.7 | Ownership Fee Simple |
| Rent/SF
$10.01
| Increases 10.0%/5/yrs | Pop 5Mi 5,420 |
| Lot/AC 3.41 | Options 5/5yrs/10% | AHHI 5Mi $79,373 |
| | |
Lease Highlights
- Brand new 2023 construction
- Dollar General recently singed a brand new 15-year lease with 5 (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
This 10,640 square foot newly constructed Dollar General is situated on a 3.41 acres lot at the hard corner intersection of Jeddo Road and Brockway Road with access to 3,080 vehicles per day. The site benefits from its location along Brockway Road, which is a primary north-south thoroughfare for the area. National/credit tenants in the area include McDonald’s, A&W, Subway, Family Dollar, and...
...Features
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New construction
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Hard corner intersection
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Major thoroughfare
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Near major nationals
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,121 | 3,353 | 5,277 |
| 2023 Total Population : | 1,142 | 3,411 | 5,369 |
| 2023 Employed Civilian Pop : | 412 | 1,329 | 2,214 |
| 2023 Total Businesses : | 29 | 130 | 171 |
| 2023 Average Household Income : | $ 64,717 | $ 70,235 | $ 75,026 |
| 2023 Total Consumer Spending : | $ 24 M | $ 83 M | $ 138 M |
| 2023 Median Age : | 42 | 42 | 43 |
| 2023 Total Households : | 421 | 1,339 | 2,101 |
| 2023 Pop Age 25+: Bachelor's Degree : | 48 | 172 | 335 |
| 2023 Average Home Value : | $ 146,003 | $ 177,701 | $ 201,725 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Brockway Rd | la Salle St | 2008 | 5,030 | 0.42 mi |
| M 19 | la Salle St | 2021 | 4,652 | 0.48 mi |
| N Main St | S North Hill Dr | 2017 | 4,404 | 0.56 mi |
| N Brockway Rd | Fisher Rd | 2017 | 3,393 | 0.70 mi |
| N Main St | Bettis St | 2017 | 4,404 | 0.98 mi |
| M 19 | N Main St | 2021 | 2,504 | 1.00 mi |
| North St | Railroad St | 2009 | 3,166 | 1.01 mi |
| S Main St | W Mechanic St | 2017 | 5,617 | 1.04 mi |
| Yale Rd | Hickory Ln | 2009 | 2,265 | 1.26 mi |
| S Main St | S Brockway Rd | 2017 | 5,617 | 1.27 mi |
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