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DOM: 48 Updated: 04.09.24 Posted: 11.02.23 Status: Sold 12.20.23

Summary

Price $1,017,000 $1,079,000
Built/Renov 2011
Tenant Dollar General
Cap Rate 8.97% 8.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 05-01-2011
#Units 19,294
Price/SF $111.76 $118.57
Expiration 05-30-2026
Tenant Type Dollar/Discount
NOI $91,176
R. Term 1.0
Ownership Fee Simple
Rent/SF $10.02
Increases 10.0%/3/yrs
Pop 5Mi 126,105
Lot/AC 1.00
Options 5/5yrs/10%
AHHI 5Mi $57,781

Lease Highlights

  • Dollar General has 2+ 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 | Investment grade tenant (S&P: BBB)

Location Description

This 9,100 SF Dollar General is strategically located on Peoria Ave. (15,298+ VPD), directly off the exit of Gilcrease Expressway (13,800+ VPD). The surrounding area is currently seeing major development, with a new retail center under construction adjacent to the subject property. The site benefits from its proximity to Booker T. High School, as well as LKQ Corporation, both of which provide...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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 : 7,142 54,868 121,702
2023 Total Population : 7,136 54,285 120,262
2023 Employed Civilian Pop : 2,404 19,634 52,082
2023 Total Businesses : 116 1,796 6,861
2023 Average Household Income : $ 40,107 $ 48,292 $ 65,879
2023 Total Consumer Spending : $ 104 M $ 854 M $ 2815 M
2023 Median Age : 34 34 36
2023 Total Households : 2,935 20,005 48,748
2023 Pop Age 25+: Bachelor's Degree : 315 3,276 13,152
2023 Average Home Value : $ 180,580 $ 178,063 $ 222,649
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mohawk Blvd E 28th St N 2015 1,680 0.15 mi
N 13th E Ave E 27th St N 2014 13,500 0.17 mi
North Peoria Avenue 2019 15,200 0.26 mi
E 26th St N N Quincy Ave 2014 6,600 0.30 mi
East Mohawk Boulevard 2019 2,600 0.30 mi
East Apache Street 2019 6,800 0.37 mi
N 13th E Ave E 33rd St N 2015 9,820 0.39 mi
Mohawk Blvd N Troost Ave 2015 1,540 0.39 mi
E 26th St N N Madison Ave 2014 5,400 0.41 mi
Mohawk Blvd N Hartford Ave 2000 2,600 0.50 mi

Listing Broker

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