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Views: 71 DOM: 195 Updated: 12.26.23 Posted: 05.31.23 Status: Sold 12.12.23

Summary

Price $1,590,000 $1,677,417
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.70% 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 $149.44 $157.65
Expiration 07-31-2038
Tenant Type Dollar/Discount
NOI $106,516
R. Term 13.9
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...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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...


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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
*ESRI data is presented for informational purposes only

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

Listing Broker

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