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Discount

Dollar General

3708 Oakdale Rd, Charlotte, NC 28216

Listing Price: $1,537,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.52

Investment Overview

5 MILE POPULATION: 131,429 WITH 20% GROWTH • This store provides convenience to multiple dense & affluent neighborhoods. There are 131,429 people in a 5-mile radius with over 20% growth. • The 1-mile population growth is 36% and the average household income is $92,556. INTERSTATE LOCATION (84,500 VPD) • The subject property is located at the intersection of Oakdale Rd. & Miranda Rd and is less than a mile off Interstate 485 (84,500 VPD). • The Dollar General is within 4 miles of 2 major retail pockets with national retailers including Target, Lowe’s Home Improvement, Harris Teeter, Firestone and Northlake Mall. CHARLOTTE | LARGEST CITY IN NC • Charlotte is the most populous city in North Carolina and the second most populous city in the southeast. • Charlotte is the third fastest growing major city in the US and is the home to multiple Fortune 500 companies, including Bank of America, Truist, Lowe’s Home Improvement and Honeywell. • The city is home to the Carolina Panthers, the Charlotte Hornets, the NASCAR Hall of Fame and the U.S. National Whitewater Center. • Home to multiple colleges and universities including Central Piedmont Community College which is the largest community college in the Carolinas with over 70,000 students. • Charlotte Douglas International Airport is ranked the fifth busiest airport in the nation. 4.5 YEAR CORPORATE NNN LEASE • The subject property is a 9,002 SF upgraded construction brick Dollar General on 1.82 AC located in Charlotte, NC • The store opened in November 2012 and has approximately 4.5-years remaining on the initial 15- Year Corporate Guaranteed NNN Lease • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Investment Highlights

  • Upgraded Brick Dollar General
  • 5 Mile Pop 131,429 With 20% Growth
  • Interstate Location 84,669 VPD
  • Charlotte Largest City In NC
  • Corporate NNN Lease
  • Investment Grade Tenant 19,000 + Locations

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Discount

Dollar General

Listing Price: $1,537,000

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.52

Investment Highlights

  • Upgraded Brick Dollar General
  • 5 Mile Pop 131,429 With 20% Growth
  • Interstate Location 84,669 VPD
  • Charlotte Largest City In NC
  • Corporate NNN Lease
  • Investment Grade Tenant 19,000 + Locations

Investment Overview

5 MILE POPULATION: 131,429 WITH 20% GROWTH • This store provides convenience to multiple dense & affluent neighborhoods. There are 131,429 people in a 5-mile radius with over 20% growth. • The 1-mile population growth is 36% and the average household income is $92,556. INTERSTATE LOCATION (84,500 VPD) • The subject property is located at the intersection of Oakdale Rd. & Miranda Rd and is less than a mile off Interstate 485 (84,500 VPD). • The Dollar General is within 4 miles of 2 major retail pockets with national retailers including Target, Lowe’s Home Improvement, Harris Teeter, Firestone and Northlake Mall. CHARLOTTE | LARGEST CITY IN NC • Charlotte is the most populous city in North Carolina and the second most populous city in the southeast. • Charlotte is the third fastest growing major city in the US and is the home to multiple Fortune 500 companies, including Bank of America, Truist, Lowe’s Home Improvement and Honeywell. • The city is home to the Carolina Panthers, the Charlotte Hornets, the NASCAR Hall of Fame and the U.S. National Whitewater Center. • Home to multiple colleges and universities including Central Piedmont Community College which is the largest community college in the Carolinas with over 70,000 students. • Charlotte Douglas International Airport is ranked the fifth busiest airport in the nation. 4.5 YEAR CORPORATE NNN LEASE • The subject property is a 9,002 SF upgraded construction brick Dollar General on 1.82 AC located in Charlotte, NC • The store opened in November 2012 and has approximately 4.5-years remaining on the initial 15- Year Corporate Guaranteed NNN Lease • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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