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Dollar General
705 South Main Street, Crystal, MI 48818
$1,408,242
Cap Rate 6.60%
Summary
| Price $1,408,242 | Built/Renov 2022 | Tenant Dollar General |
| Cap Rate 6.60% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,235
| Lease Start
05-13-2021
| #Units
19,294
|
| Price/SF $152.49 | Expiration
05-31-2036
| Tenant Type Dollar/Discount |
| NOI $92,944 | R. Term 12.5 | Ownership Fee Simple |
| Rent/SF
$10.06
| Increases 10.0%/12/yrs | Pop 5Mi 4,775 |
| Lot/AC 1.13 | Options 5/5yrs/10% | AHHI 5Mi $71,333 |
| | |
Lease Highlights
- New 2022 build-to-suit construction
- Dollar General has 12+ 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 lease
Location Description
Dollar General is strategically located on South Main Street, with access to 1,755 vehicles passing by daily. The property serves as the only dollar store catering to the local community, benefiting from the advantage of limited competition. The 5-mile trade area is supported by a population of 4,775 residents, with an average household income of $71,333. Crystal is a village situated in...
...Features
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New construction
-
Build to suit
-
Strategically located
-
Top 100 MSA
-
Absolute NNN
-
Long 10+ yr lease
-
Limited competition
-
Traded and rated company
-
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 : | 668 | 2,264 | 4,914 |
| 2023 Total Population : | 658 | 2,223 | 4,856 |
| 2023 Employed Civilian Pop : | 252 | 820 | 1,927 |
| 2023 Total Businesses : | 40 | 75 | 117 |
| 2023 Average Household Income : | $ 60,033 | $ 62,292 | $ 68,861 |
| 2023 Total Consumer Spending : | $ 15 M | $ 52 M | $ 119 M |
| 2023 Median Age : | 43 | 44 | 43 |
| 2023 Total Households : | 288 | 940 | 1,938 |
| 2023 Pop Age 25+: Bachelor's Degree : | 53 | 161 | 318 |
| 2023 Average Home Value : | $ 238,420 | $ 259,330 | $ 264,004 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Shore Drive | Parker St | 2022 | 918 | 0.10 mi |
| East Sidney Road | Frost Rd | 2022 | 900 | 0.14 mi |
| CR 565 | S Shore Dr | 2021 | 1,763 | 0.55 mi |
| Main Street | Sidney Rd | 2022 | 1,715 | 0.55 mi |
| South Crystal Road | Crystal Rd S | 2022 | 1,173 | 0.74 mi |
| CR 565 | Crystal Rd S | 2021 | 1,206 | 0.74 mi |
| N Shore Dr | Waldron Rd S | 2010 | 1,045 | 1.05 mi |
| County Road 565 | Main St | 2020 | 1,670 | 1.12 mi |
| Crystal Road | Condensery Rd | 2022 | 1,796 | 1.15 mi |
| CR 565 | Main St | 2021 | 1,846 | 1.15 mi |
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