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Updated: 04.09.24 Posted: 10.27.23 Status: Sold

Summary

Price $1,676,182
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 10-28-2023
#Units 19,294
Price/SF $157.54
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $108,951
R. Term 13.5
Ownership Fee Simple
Rent/SF $10.24
Increases 5.0%/5/yrs
Pop 5Mi 5,112
Lot/AC 2.25
Options 5/5yrs/5%
AHHI 5Mi $44,501

Lease Highlights

  • 2023 Build to suit | Plus size design Dollar General
  • Brand-new 15-year lease with 5 (5-year) options to renew
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade "BBB" rating

Location Description

Dollar General is strategically positioned on S Main Street, fronting U.S. Hwy 71. It is conveniently located within proximity to Sunnyville Apartments and Sunshine Village Apartments. The 5-mile trade area is supported by a population of over 5,112 residents, earning an average annual household income of $44,501. Waldron, located in the Ouachita Mountains region of Arkansas, is situated in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Plus
  • 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 : 2,664 3,976 4,933
2023 Total Population : 2,739 4,071 5,029
2023 Employed Civilian Pop : 971 1,512 1,947
2023 Total Businesses : 170 236 248
2023 Average Household Income : $ 43,699 $ 45,612 $ 50,054
2023 Total Consumer Spending : $ 40 M $ 65 M $ 89 M
2023 Median Age : 38 39 40
2023 Total Households : 1,023 1,607 1,995
2023 Pop Age 25+: Bachelor's Degree : 117 195 238
2023 Average Home Value : $ 123,043 $ 141,534 $ 163,545
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Main Street W 8th St 2021 2,400 0.02 mi
West 8th Street Washington St 2021 770 0.18 mi
E 5th St S Main St 2002 5,500 0.23 mi
South Main Street Oliver Ave 2021 1,700 0.33 mi
East 6th Street Cherry St 2021 3,400 0.40 mi
Danville Rd Nichols St 2002 3,900 0.50 mi
North Main Street S Main St 2021 3,000 0.56 mi
Davis Rd S Main St 2017 2,700 0.60 mi
West 6th Street Elm St 2021 4,500 0.65 mi
AR 272 Elm St 2021 470 0.72 mi

Listing Broker

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