Tenant: Dollar General has recently exercised a 5-year lease extension,
demonstrating long-term commitment to the site. The lease includes
10% rental increases in each option period, providing strong built-in
NOI growth.
Lease Structure: Absolute NNN lease with zero landlord
responsibilities, offering a truly passive investment. Tenant is
responsible for all taxes, insurance, and maintenance, eliminating
ownership risk.
Traffic Counts: The property benefits from strong visibility with 15,916
vehicles per day. High traffic exposure supports consistent store
performance and long-term tenant stability.
Demographics: Over 13,139 people reside within a 5-mile radius,
providing a solid consumer base. The surrounding population supports
daily-needs retail and repeat visitation.
Building Size: The 9,026 SF prototype store is a proven, efficient
layout for Dollar General operations. This size aligns with the tenant’s
most successful and widely utilized store format.
Year Built: Constructed in 2011, the property offers relatively modern
improvements with limited near-term capital needs. Newer vintage
reduces risk compared to older Dollar General assets.