Dollar General
Retail | 7.25% CAP | 9,026 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Dollar General located at 354 East Street, Plainville, CT 06062. The site consists of roughly 9,026 rentable square feet of building space on an estimated 1.12-acre parcel of land. Dollar General is subject to a 15.09-year Double Net (NN) lease, which commenced 4/1/2019. The current annual rent is $106,000 and has scheduled increases of 10.00% In Options.
Investment highlights
Investment Grade Corporate Guarantee | Dollar General is publicly traded (NYSE: DG) with an investment-grade credit rating, operating over 19,000 stores across 47 states, offering tenants dependable income security and brand strength.
Affluent Community | The property is situated in a high-income community, with average household incomes of $95,100 within a 3-mile radius and $91,400 within 5 miles, supporting strong consumer spending and long-term tenant performance.
Strong Demographics | This Dollar General benefits from a robust and growing population, with 42,400 residents within a 3-mile radius and 156,000 within 5 miles, providing a highly desirable trade area for sustained retail performance.
Close Proximity to America’s Oldest Amusement Park | The property is just ~4.5 miles from Lake Compounce Amusement & Water Park, the oldest continuously operating amusement park in the United States, originally opened in 1846 and now spanning 332 acres with more than 50 rides and attractions including Connecticut’s largest water park, Crocodile Cove. With deep regional draw and decades of tradition attracting families and tourists alike, the park enhances the area’s entertainment appeal and contributes to local visitation.
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