DOLLAR GENERAL | CLARKSVILLE, TENNESSEE

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
Three (3) - Five (5) Year
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)

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