Listed by Marcus & Millichap - Manhattan
$843,150
Dollar General -- High Yield (8.40+ Cap) -- Low Rent
Details
Property Type Retail
Sub Type Dollar
Square Footage 8,240
Net Rentable (SqFt) 8,240
Units 1
Cap Rate 8.4%
NOI $70,825
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 10
Lease Expiration 12/30/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options 3, 5-Year
Price per SqFt $102
Broker Co-Op Yes
Class A
Year Built 2015
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.520
Parking Spaces 42 spaces
Parking Per SqFt 5.10
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/15/2020
Occupancy Date 12/15/2020
Ground Lease No
Ownership Fee Simple
Limited Competition -- Large Parcel
Marketing description
Lease Term —- Dollar General Has Over 4.5 Years Remaining on the Base Lease Term With Rent Increases at Each Tenant Option, Providing Built In Protection Against Inflation
Limited Competition —- Subject Property Is Strategically Positioned as the Only Dollar General or Family Dollar Within a 15-Mile Radius, Supporting Long Term Store Stability
Central Location —- Situated in a Dense Area with Over 2,300 People Living Within a 10-Mile Radius with an Average Annual Household Income Exceeding $87,000 and a Stable Population within a 1, 3, and 5-Mile Radius
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,825.00
$5,902.08/mo
Valuation Metrics
0
DSCR
8.4%
Cap Rate
8.4%
ROI
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