DOLLAR GENERAL | SPRINGFIELD, TENNESSEE
INVESTMENT SUMMARY
Purchase Price
$1,580,191
Location
4223 Highway 49 W.
Cap Rate
5.75%
Annual Rent
$90,861.00
Building Size
9,002 SF
Land Area
1.40 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
13 Years
LEASE EXPIRATION
03/31/2034
Renewal Options
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2019
APN
074101-12800
Traffic Counts
8,800 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 13 Years Remaining in the Initial 15 Year Lease Term
- 2019 Construction - 9,002 SF
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
UPGRADED CONSTRUCTION | CORNER ENTRY:
- Upgraded Construction - 3-Sided Brick
- Corner Entry Layout/Design
- Concrete Parking Lot
PROXIMITY TO OTHER MAJOR CITIES:
- Goodlettsville, Tennessee | 16 Miles
- Nashville, Tennessee | 28 Miles
- Clarksville, Tennessee | 29 Miles
- Murfreesboro, Tennessee | 59 Miles
- Knoxville, Tennessee | 205 Miles
- Memphis, Tennessee | 238 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 598 Residents
- 1-Mile Average Household Income = $114,242
- 3-Mile Population = 3,775 Residents
- 3-Mile Average Household Income = $101,037
- 5-Mile Population = 18,279 Residents
- 5-Mile Average Household Income = $73,606
- 7-Mile Population = 34,369 Residents
- 7-Mile Average Household Income = $80,427
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,426 Stores in 46 States as of April 30, 2021
- 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)