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Dollar General
2323 North Center Street, Fayetteville, AR 72701
$1,872,800
Cap Rate 6.00%
Summary
| Price $1,872,800 | Built/Renov 2023 | Tenant Dollar General |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,566
| Lease Start
06-20-2023
| #Units
19,294
|
| Price/SF $177.25 | Expiration
07-01-2038
| Tenant Type Dollar/Discount |
| NOI $112,368 | R. Term 14.6 | Ownership Fee Simple |
| Rent/SF
$10.63
| Increases 10.0%/14/yrs | Pop 5Mi 25,100 |
| Lot/AC 2.20 | Options 5/5yrs/10% | AHHI 5Mi $109,610 |
| | |
Lease Highlights
- 2023 build-to-suit construction
- Dollar General has 14+ years 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
This newly constructed Dollar General is prominently positioned along N. Center Street which boasts traffic counts in excess of 20,000 vehicles per day. This is a dense retail corridor with surrounding national tenants including Firestone, O’Reilly Auto Parts, Walmart, Taco Bell, McDonald’s and many others, creating a strong consumer drive to the trade area. Additionally, the subject property...
...Features
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New construction
-
Relocation store
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Near major nationals
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Affluent AHHI $100K 5 Mi
-
Major MSA
-
Brand new lease
-
Absolute NNN
-
Long 10+ yr lease
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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 : | 1,984 | 7,006 | 14,223 |
| 2023 Total Population : | 1,840 | 6,622 | 13,619 |
| 2023 Employed Civilian Pop : | 966 | 3,368 | 6,913 |
| 2023 Total Businesses : | 28 | 110 | 186 |
| 2023 Average Household Income : | $ 97,445 | $ 104,953 | $ 116,018 |
| 2023 Total Consumer Spending : | $ 53 M | $ 227 M | $ 502 M |
| 2023 Median Age : | 36 | 38 | 40 |
| 2023 Total Households : | 638 | 2,524 | 5,039 |
| 2023 Pop Age 25+: Bachelor's Degree : | 226 | 932 | 2,376 |
| 2023 Average Home Value : | $ 301,134 | $ 325,519 | $ 344,533 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North Center Street | Hollybrooke Dr | 2021 | 11,000 | 0.67 mi |
| AR 74 | Hummingbird Rd Wc 302 | 2021 | 4,000 | 1.04 mi |
| North Center Street | Parker Ln | 2021 | 7,600 | 2.21 mi |
| Lake Sequoyah Drive | Clegg Rd Wc 3333 | 2021 | 380 | 2.25 mi |
| East Huntsville Road | Lewis Woods Ln | 2021 | 12,000 | 2.29 mi |
| South Mally Wagnon Road | S Mally Wagnon Rd | 2021 | 400 | 2.52 mi |
| Sulphur City Road | 2019 | 390 | 2.61 mi | |
| Sulphur City Road | Sulphur City Rd | 2021 | 440 | 2.61 mi |
| Ed Edwards Road | Ed Edwards Rd | 2021 | 470 | 2.79 mi |
| S Center St | Alexandra Loop | 2010 | 3,900 | 2.96 mi |
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