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Updated: 11.07.23 Posted: 07.21.23 Status: Sold     06.30.23

Summary

Price $1,689,000 $1,805,000
Built/Renov 2022
Tenant Dollar General
Cap Rate 6.25% 5.85%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-01-2022
#Units 19,294
Price/SF $158.74 $169.64
Expiration 07-31-2037
Tenant Type Dollar/Discount
NOI $105,574
R. Term 12.0
Ownership Fee Simple
Rent/SF $9.92
Increases 10.0%/14/yrs
Pop 5Mi 3,992
Lot/AC 2.75
Options 5/5yrs/10%
AHHI 5Mi $81,476

Highlights

  • Brand new construction | New wood prototype with Gable Roof
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Dollar General is an investment grade tenant

Location Description

This newly constructed Dollar General features high-level finishes and distinct design elements and the latest wood prototype with a gable roof. The site benefits from virtually no competition as the nearest discount/dollar store is more than 10 miles away. The subject property is positioned at the hard corner intersection of Roxbury Road (State Highway 106) and Wayside Road which sees 5,600...

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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 : 68 954 3,538
2023 Total Population : 71 986 3,608
2023 Employed Civilian Pop : 37 518 1,888
2023 Total Businesses : 0 18 80
2023 Average Household Income : $ 84,809 $ 85,863 $ 92,563
2023 Total Consumer Spending : $ 1 M $ 32 M $ 128 M
2023 Median Age : 50 50 50
2023 Total Households : 24 427 1,576
2023 Pop Age 25+: Bachelor's Degree : 5 71 373
2023 Average Home Value : $ 611,111 $ 517,919 $ 385,685
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wayside Road Roxbury Rd 2018 840 0.26 mi
Wayside Road Roxbury Rd 2021 1,900 0.27 mi
Wayside Road Kimages Rd 2020 1,700 0.27 mi
Wayside Rd Kimages Rd 2016 1,400 0.27 mi
Wayside Rd Kimages Rd 2016 1,000 0.61 mi
Wayside Road Kimages Rd 2020 1,200 0.67 mi
Wayside Road Barnetts Rd 2021 1,400 0.67 mi
John Tyler Memorial Highway Wayside Rd 2021 2,100 0.80 mi
The New Rd Wayside Rd 2005 300 1.01 mi
Roxbury Road Pine Trl 2021 3,500 1.08 mi

Listing Broker

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