Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners Newport Beach
$1,706,000
Dollar General - Kenton DE
Details
APN 3-12-044.00-01-08.00-000
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7%
NOI $119,388
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 1
Acreage 1.970
Zoning Commercial
Parking Spaces 29 spaces
Parking Per SqFt 3.21
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 06/23/2019
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 7.00% CAP | 9,026 SqFt
Investment highlights
- 8 Years Remaining | Corporate Lease | Investment Grade Credit
- NNN Lease Structure | Limited Landlord Responsibilities | Fee Simple Ownership
- Fronting Sudlersville Road | Limited Competition |Excellent Visibility & Access
- Local Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$119,388.00
$9,949.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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