loader
Join Free
DOM: 41 Updated: 01.08.24 Posted: 11.22.23 Status: Sold 01.02.24

Summary

Price $1,131,870 $1,210,000
Built/Renov 2018
Tenant Dollar General
Cap Rate 7.75% 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 07-01-2018
#Units 19,294
Price/SF $125.40 $134.06
Expiration 07-31-2033
Tenant Type Dollar/Discount
NOI $87,720
R. Term 8.2
Ownership Fee Simple
Rent/SF $9.72
Increases 10.0%/10/yrs
Pop 5Mi 17,243
Lot/AC 1.59
Options 3/5yrs/10%
AHHI 5Mi $93,071

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease | Investment grade tenant

Location Description

Dollar General is strategically located directly off the signalized intersection of Jerusalem Rd and N Curtice Rd, with a combined daily traffic count of 20,000 vehicles. In close proximity to the property is a strong retail corridor, with national retailers, including Walmart Supercenter, ALDI, Harbor Freight, Kroger, Tractor Supply, and many more. The 5-mile trade area is supported by a...

...

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 everyday low...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 240 5,598 17,543
2023 Total Population : 246 5,697 17,668
2023 Employed Civilian Pop : 118 3,077 9,022
2023 Total Businesses : 11 132 380
2023 Average Household Income : $ 123,590 $ 127,386 $ 116,651
2023 Total Consumer Spending : $ 9 M $ 243 M $ 703 M
2023 Median Age : 48 47 47
2023 Total Households : 89 2,245 7,059
2023 Pop Age 25+: Bachelor's Degree : 45 939 2,299
2023 Average Home Value : $ 286,111 $ 276,488 $ 253,216
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Navarre Ave S Curtice Rd 2003 16,320 0.31 mi
N CURTICE RD Suzanne 2020 2,959 0.50 mi
South North Curtice Road N Curtice Rd 2021 1,962 0.56 mi
Navarre Ave S Cousino Rd 2003 10,600 0.63 mi
NORDEN RD Navarre Ave 2020 572 1.08 mi
Meyers S Curtice Rd 2010 2,950 1.09 mi
Brown Road Cedar Brown Rd 2021 727 1.11 mi
COUSINO RD Navarre Ave 2020 551 1.12 mi
Brown Road S Curtice Rd 2021 1,048 1.17 mi
Seaman Road N Norden Rd 2021 566 1.18 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity