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Views: 80 Updated: 05.06.24 Posted: 11.14.23 Status: Sold

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 12.8
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...

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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 : 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
*ESRI data is presented for informational purposes only

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

Listing Broker

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