Views: 0 DOM: 27 Updated: 11.14.23 Posted: 11.14.23 Status: Active


Price $1,426,408
Built/Renov 2020
Tenant Dollar General
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,660
Lease Start 04-25-2022
#Units 19,294
Price/SF $133.81
Expiration 04-30-2037
Tenant Type Dollar/Discount
NOI $94,856
R. Term 13.4
Ownership Fee Simple
Rent/SF $8.90
Increases 10.0%/4/yrs
Pop 5Mi 1,578
Lot/AC 3.01
Options 3/5yrs/10%
AHHI 5Mi $72,030

Lease Highlights

  • Dollar General has 13+ years remaining on the base term of an initial 15-year lease
  • The lease features 3 (5-year) renewal options, all of which include a 10% rent increase
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located at the signalized, hard corner intersection of Main Street and 176th Ave, with access to a combined traffic count of 2,290 vehicles passing by daily. Situated on the main thoroughfare, the property is conveniently located in close proximity to the local schools. The 5-mile trade area is supported by a population of 1,578 residents, with an average...



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  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 321 761 1,684
2023 Total Population : 316 748 1,664
2023 Employed Civilian Pop : 147 347 746
2023 Total Businesses : 17 24 43
2023 Average Household Income : $ 69,851 $ 69,851 $ 69,200
2023 Total Consumer Spending : $ 6 M $ 17 M $ 37 M
2023 Median Age : 39 39 39
2023 Total Households : 99 273 606
2023 Pop Age 25+: Bachelor's Degree : 17 40 96
2023 Average Home Value : $ 172,892 $ 174,565 $ 178,706
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
North 176th Avenue E Van Buren Rd 2022 1,171 1.08 mi
East Harrison Road N 188th Ave 2022 438 1.38 mi
East Harrison Road N 160th Ave 2022 1,260 2.28 mi
East Polk Road Beach Rd 2022 534 2.50 mi
East Jackson Road N 192nd Ave 2022 714 2.66 mi

Listing Broker

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