DOLLAR GENERAL | CLARKSVILLE, TENNESSEE
INVESTMENT SUMMARY
Purchase Price
$1,428,261
Location
927 Tracy Lane
Cap Rate
5.75%
Annual Rent
$82,124.64
Building Size
9,002 SF
Land Area
1.36 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8.75 Years
LEASE EXPIRATION
02/28/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
44 Spaces
Year Built
2015
APN
042D D 00300 000
Traffic Counts
37,296 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 8.75 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - 9,002 SF
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
- Upgraded Construction - Three Sided Brick Construction & Corner Entry Layout
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
DISTANCE TO OTHER MAJOR CITIES:
- Nashville, Tennessee | 50 Miles - 1 Hour: 1 Minute Drive
- Bowling Green, Kentucky | 61 Miles - 1 Hour: 19 Minute Drive
- Evansville, Indiana | 112 Miles - 1 Hour: 58 Minute Drive
EXPLOSIVE POPULATION GROWTH:
- 1-Mile Annual Population Growth = 2.25% (11.25% Over the Next 5 Years)
- 3-Mile Annual Population Growth = 2.20% (11.00% Over the Next 5 Years)
- 5-Mile Annual Population Growth = 1.76% (8.80% Over the Next 5 Years)
- 7-Mile Annual Population Growth = 1.67% (8.35% Over the Next 5 Years)
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 6,165 Residents
- 1-Mile Average Household Income = $72,811
- 3-Mile Population = 43,337 Residents
- 3-Mile Average Household Income = $68,241
- 5-Mile Population = 114,513 Residents
- 5-Mile Average Household Income = $65,130
- 7-Mile Population = 173,379 Residents
- 7-Mile Average Household Income = $66,267
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,426 Stores in 46 States as of April 30, 2031
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)