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DOM: 167 Updated: 07.30.24 Posted: 11.18.23 Status: Sold 05.03.24

Summary

Price $1,950,000 $2,053,371
Built/Renov 2015
Tenant Dollar General
Cap Rate 7.37% 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,002
Lease Start 10-26-2015
#Units 19,986
Price/SF $216.62 $228.10
Expiration 10-31-2030
Tenant Type Dollar/Discount
NOI $143,736
R. Term 5.5
Ownership Fee Simple
Rent/SF $15.97
Increases 10.0%/7/yrs
Pop 5Mi 193,595
Lot/AC 0.73
Options 5/5yrs/10%
AHHI 5Mi $112,239

Lease Highlights

  • Dollar General has 6+ years remaining on the current lease term with 5 (5-year) options
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease | Investment grade tenant

Location Description

The subject property is positioned at the signalized intersection of E 19th Street and US Highway 13 BUS, one of the area’s primary commercial and commuter corridors. More than 12,500 vehicles pass by the property each day along N Market Street (US Route 13 BUS). Dollar General benefits from excellent visibility and frontage in a densely populated neighborhood, just northeast of the city...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 34,722 107,299 193,212
2023 Total Population : 34,800 107,197 193,987
2023 Employed Civilian Pop : 14,426 47,770 87,966
2023 Total Businesses : 2,950 6,794 11,280
2023 Average Household Income : $ 64,074 $ 86,952 $ 96,945
2023 Total Consumer Spending : $ 845 M $ 3480 M $ 6682 M
2023 Median Age : 37 39 41
2023 Total Households : 14,986 46,098 80,040
2023 Pop Age 25+: Bachelor's Degree : 3,460 15,661 29,256
2023 Average Home Value : $ 242,343 $ 333,073 $ 345,539
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Market Street 2016 12,252 0.02 mi
US13B MARKET STREET W 19th St 2020 9,277 0.03 mi
N Market St Vandever Ave 2014 11,978 0.04 mi
West 20th Street N Market St 2018 12,622 0.05 mi
N Market St W 19th St 2003 16,682 0.05 mi
CONCORD AVENUE Concord Ave 2020 6,664 0.07 mi
Concord Avenue Tatnall St 2016 7,205 0.10 mi
N Market St Superfine Ln 2019 13,334 0.11 mi
US13B MARKET STREET N King St 2020 10,601 0.13 mi
N French St 2016 10,891 0.15 mi

Listing Broker

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