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Dollar General
1199 S Veterans Blvd, Glennville, GA 30427
$1,494,830
Cap Rate 6.50%
Summary
| Price $1,494,830 | Built/Renov 2022 | Tenant Dollar General |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,566
| Lease Start
05-11-2022
| #Units
19,294
|
| Price/SF $141.48 | Expiration
05-31-2037
| Tenant Type Dollar/Discount |
| NOI $97,164 | R. Term 13.5 | Ownership Fee Simple |
| Rent/SF
$9.20
| Increases 10.0%/13/yrs | Pop 5Mi 8,172 |
| Lot/AC 1.40 | Options 5/5yrs/10% | AHHI 5Mi $77,337 |
| | |
Lease Highlights
- 2022 Build-to-suit construction
- Dollar General has 13+ years remaining on the current lease term with 5 (5-year) options to extend
- Lease features 10% rental escalations at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General is conveniently located on S. Veterans Blvd. which sees 7,619 vehicles passing by daily. The property benefits from its proximity to many national tenants including McDonald’s, Walgreens, O’Reilly Auto Parts, Advance Auto Parts, and more, all of which promote crossover traffic to the site. 8,303 residents, earning an average household income of $77,337 occupy the surrounding...
...Features
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New construction
-
Build to suit
-
Dense retail corridor
-
Near major nationals
-
Strategically located
-
Absolute NNN
-
Long 10+ yr lease
-
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 : | 887 | 5,281 | 9,213 |
| 2023 Total Population : | 864 | 5,207 | 9,194 |
| 2023 Employed Civilian Pop : | 364 | 2,219 | 3,748 |
| 2023 Total Businesses : | 51 | 221 | 252 |
| 2023 Average Household Income : | $ 114,553 | $ 95,575 | $ 87,740 |
| 2023 Total Consumer Spending : | $ 34 M | $ 172 M | $ 231 M |
| 2023 Median Age : | 40 | 41 | 39 |
| 2023 Total Households : | 332 | 2,024 | 2,962 |
| 2023 Pop Age 25+: Bachelor's Degree : | 81 | 509 | 801 |
| 2023 Average Home Value : | $ 199,707 | $ 188,485 | $ 179,051 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US 25; US 301; GA 23 | Stewart Ln | 2021 | 7,670 | 0.05 mi |
| S Veterans Blvd | Stewart Ln | 2019 | 7,600 | 0.05 mi |
| United States Highway 25 | Sharon Rd | 2005 | 8,050 | 0.33 mi |
| Baxter-Durrence Road | Doll Rogers Rd | 2018 | 610 | 0.73 mi |
| Baxter-Durrence Road | Lester Rentz Rd | 2021 | 610 | 0.73 mi |
| Baxter-Durrence Road | Doll Rogers Rd | 2019 | 600 | 0.73 mi |
| Barnard Street | S Rushing St | 2021 | 8,110 | 1.30 mi |
| Barnard Street | S Rushing St | 2018 | 7,760 | 1.30 mi |
| Barnard St | S Rushing St | 2005 | 7,370 | 1.32 mi |
| GA Hwy 196 | Mandy Dasher Rd | 2021 | 4,490 | 1.33 mi |
