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

Summary

Price $1,570,233
Built/Renov 2022
Tenant Dollar General
Cap Rate 6.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 06-26-2022
#Units 19,294
Price/SF $147.58
Expiration 06-30-2037
Tenant Type Dollar/Discount
NOI $101,280
R. Term 13.6
Ownership Fee Simple
Rent/SF $9.52
Increases 10.0%/13/yrs
Pop 5Mi 5,206
Lot/AC 2.00
Options 5/5yrs/10%
AHHI 5Mi $72,715

Lease Highlights

  • New 2022 build-to-suit construction
  • Dollar General has 13+ years remaining on the current lease term with 5 (5-year) options to extend
  • Lease features 10% rental increase at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located on Hwy 18 N. which sees 1,505 vehicles passing by daily. The property benefits from limited competition and its proximity to Deer Creek Motorcoach Resort, Cool Breeze Campground, and several other residential and commercial properties, providing a built-in customer base from which to draw. 5,065 people, earning an average household income of $72,715...

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Maps

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 316 1,958 5,167
2023 Total Population : 311 1,964 5,182
2023 Employed Civilian Pop : 132 922 2,414
2023 Total Businesses : 3 33 85
2023 Average Household Income : $ 56,982 $ 72,821 $ 73,172
2023 Total Consumer Spending : $ 6 M $ 56 M $ 147 M
2023 Median Age : 47 46 46
2023 Total Households : 137 866 2,244
2023 Pop Age 25+: Bachelor's Degree : 57 284 605
2023 Average Home Value : $ 196,905 $ 188,112 $ 191,269
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Blue Ridge Pkwy 2021 1,600 0.11 mi
Edmonds Rd 2019 1,400 0.18 mi
Foxcliff Ln Edmonds Ave 2014 50 0.38 mi
Meadow Creek Rd Hideaway Ln 2015 150 0.74 mi
Glade Valley Rd Golf View Ln 2004 1,100 0.77 mi
Edmonds Rd Deerfield Ln 2016 1,200 0.87 mi
State Route 615 Grayson Vw 2021 320 1.39 mi
Savannah Rd Grayson Vw 2015 260 1.47 mi
Glade Valley Road Mandys Way 2018 950 1.53 mi
Meadow Creek Road Jessies Ln 2021 200 1.74 mi

Listing Broker

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