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Views: 51 DOM: 33 Updated: 11.21.24 Posted: 10.30.24 Status: Active

Summary

Price $1,915,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,770
Lease Start 11-01-2024
#Units 19,986
Price/SF $177.81
Expiration 12-01-2039
Tenant Type Dollar/Discount
NOI $127,284
R. Term 15.0
Ownership Fee Simple
Rent/SF $11.82
Increases 5.0%/5/yrs
Pop 5Mi 5,047
Lot/AC 2.00
Options 5/5yrs/5%
AHHI 5Mi $59,924

Lease Highlights

  • Brand new 2024 construction | The Building will feature a state-of-the-art design with high-quality materials
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on State Hwy 42, with access to 3,300 vehicles passing by daily. With extremely limited nearby competition, this property offers an immediate discount store option for both highway travelers and local residents. The site is also conveniently close to Barnes Elementary School and Gee Corbett Village Apartments. Furthermore, the site features...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Listing Broker

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