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Dollar General
515 West Mission Street, Strawberry Point, IA 52076
$1,277,810
Cap Rate 6.70%
Summary
| Price $1,277,810 | Built/Renov 2016 | Tenant Dollar General |
| Cap Rate 6.70% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,344
| Lease Start
11-21-2016
| #Units
19,294
|
| Price/SF $136.75 | Expiration
11-30-2031
| Tenant Type Dollar/Discount |
| NOI $85,613 | R. Term 7.11 | Ownership Fee Simple |
| Rent/SF
$9.16
| Increases 10.0%/3/yrs | Pop 5Mi 1,865 |
| Lot/AC 1.07 | Options 5/5yrs/10% | AHHI 5Mi $104,591 |
| | |
Lease Highlights
- Dollar General has 7+ years remaining on the current lease term with 5 (5-year) options to extend
- Lease features 10% rental escalations every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General is strategically located along W Mission Street, with access to 2,499 vehicles passing by daily. The property is in close proximity to Chevrolet, a major car dealership and is surrounded by national tenants, including Subway, True Value, Napa, and others. The 5-mile trade area is supported by a population of 1,865 residents, with an average household income of $104,591....
...Features
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Strategically located
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Highway location
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Affluent AHHI $100K 5 Mi
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Absolute NNN
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Limited competition
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Traded and rated company
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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 : | 876 | 1,417 | 1,828 |
| 2023 Total Population : | 903 | 1,453 | 1,872 |
| 2023 Employed Civilian Pop : | 479 | 766 | 978 |
| 2023 Total Businesses : | 74 | 110 | 127 |
| 2023 Average Household Income : | $ 72,746 | $ 75,781 | $ 80,421 |
| 2023 Total Consumer Spending : | $ 26 M | $ 42 M | $ 57 M |
| 2023 Median Age : | 46 | 44 | 44 |
| 2023 Total Households : | 407 | 628 | 788 |
| 2023 Pop Age 25+: Bachelor's Degree : | 111 | 171 | 212 |
| 2023 Average Home Value : | $ 157,241 | $ 159,804 | $ 170,591 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| State Highway 3 | St Sebald Rd | 2022 | 3,300 | 0.11 mi |
| State Hwy 3 | W Mission St | 2017 | 2,640 | 0.13 mi |
| Belgian Rd | 378th St | 2013 | 90 | 0.52 mi |
| 378th St | Westwood Dr | 2013 | 70 | 0.68 mi |
| W Mission St | PkAve | 2015 | 3,150 | 0.68 mi |
| West Mission Street | Cooley St | 2022 | 3,300 | 0.69 mi |
| IA 3 | St Sebald Rd | 2020 | 2,303 | 0.73 mi |
| Elkader Street | Hwy 13 | 2022 | 2,610 | 0.74 mi |
| Elkader St | Commercial St | 2015 | 2,240 | 0.74 mi |
| Commercial St | W Spring St | 2015 | 2,750 | 0.74 mi |
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