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Dollar General
12778 NC-18, Ennice, North Carolina 28623
$1,570,233
Cap Rate 6.45%
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...
...Features
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New construction
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Build to suit
-
Strategically located
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Highway location
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Absolute NNN
-
Long 10+ yr lease
-
Limited competition
-
Traded and rated company
-
Corporate Guarantee
-
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 everyday low...
...
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 |
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 |
