loader
Join Free
DOM: 79 Updated: 03.25.24 Posted: 11.12.23 Status: Sold 01.31.24

Summary

Price $1,460,600 $1,481,429
Built/Renov 2005/2021
Tenant Dollar General
Cap Rate 7.10% 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,245
Lease Start 05-10-2021
#Units 19,294
Price/SF $157.99 $160.24
Expiration 05-31-2031
Tenant Type Dollar/Discount
NOI $103,700
R. Term 6.0
Ownership Fee Simple
Rent/SF $11.22
Increases 10.0%/7/yrs
Pop 5Mi 370,231
Lot/AC 0.71
Options 3/5yrs/10%
AHHI 5Mi $92,806

Lease Highlights

  • Dollar General has 7+ years remaining on an initial 10-year term
  • The lease features 10% rental increases in each of the 3 (5-year) renewal options
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease
  • Investment grade tenant

Location Description

Dollar General is strategically located along Cleveland Avenue, with access to 16,000 vehicles passing by daily. This prime location places the property in close proximity to well-known national tenants, such as Subway, McDonald’s, KFC, AutoZone, and more. The 5-mile trade area is supported by a population of 370,231 residents, with an average household income of $92,806. Columbus is the most...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,723 175,962 387,485
2023 Total Population : 12,183 168,964 373,612
2023 Employed Civilian Pop : 4,913 87,978 194,917
2023 Total Businesses : 414 7,875 15,386
2023 Average Household Income : $ 49,660 $ 77,572 $ 87,022
2023 Total Consumer Spending : $ 208 M $ 4990 M $ 12230 M
2023 Median Age : 29 28 32
2023 Total Households : 4,712 73,172 160,785
2023 Pop Age 25+: Bachelor's Degree : 859 27,094 64,464
2023 Average Home Value : $ 177,363 $ 292,140 $ 309,952
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity