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

Summary

Price $1,495,652
Built/Renov 2018
Tenant Dollar General
Cap Rate 6.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,397
Lease Start 08-29-2018
#Units 19,294
Price/SF $159.16
Expiration 08-31-2033
Tenant Type Dollar/Discount
NOI $103,200
R. Term 9.8
Ownership Fee Simple
Rent/SF $10.98
Increases 10.0%/5/yrs
Pop 5Mi 7,068
Lot/AC 2.72
Options 3/5yrs/10%
AHHI 5Mi $120,433

Lease Highlights

  • Dollar General has 9+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dollar General is strategically located on Roadside Drive, with excellent visibility and access to Highway 78 which sees 1,661 vehicles passing by daily. It is also within close proximity to Mountain Rd. (4,178 VPD), and directly across the street from a brand-new Amazon Fulfillment Center. The surrounding 5-mile radius is comprised of 7,068 people, earning an average household income of...

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Maps

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  • 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 : 486 2,181 6,808
2023 Total Population : 498 2,230 6,928
2023 Employed Civilian Pop : 248 1,086 3,416
2023 Total Businesses : 37 68 194
2023 Average Household Income : $ 120,161 $ 112,638 $ 107,719
2023 Total Consumer Spending : $ 21 M $ 88 M $ 243 M
2023 Median Age : 47 47 46
2023 Total Households : 206 923 2,626
2023 Pop Age 25+: Bachelor's Degree : 51 229 732
2023 Average Home Value : $ 328,235 $ 341,756 $ 341,804
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mountain Rd Old Hwy22 2017 4,186 0.07 mi
Mountain Rd 2021 2,048 0.07 mi
Mountain Rd 2021 3,002 0.10 mi
Old Route 22 S 4th St 2022 7,101 0.13 mi
N 1st St Apple Dr 2019 1,812 0.16 mi
I- 78 Mountain Rd 2019 2,388 0.17 mi
Mountain Road Wessner Ln 2021 3,951 0.22 mi
Mountain Rd Motel Dr 2017 4,186 0.24 mi
Old Rte 22 S Northkill Rd 2016 300 0.43 mi
Northkill Road I- 78 2019 172 0.85 mi

Listing Broker

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