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8.65% cap, Absolute net, new 15 year, Dollar General |
Seller/Broker: Arnold Kramer |
401 Highway 1 North, • Greenville, MS 38703 |
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Investment Highlights |
Status: Available |
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| Price: | $869,865 | Last Updated 8/24/2010 |
| Cap Rate: | 8.65% | |
| Price/sf: | $96.50 | |
| Current Annual Rent: | $75,600 | |
| Rent/sf: | $8.39 | |
| Lease Term Remaining: | 15 | |
| Existing financing? | No | |
| Commission Split: | ||
| Additional Info: | ||
Lease & Property Information |
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| Lease Type: | NNN |
| Lease Commencement: | 9/1/2010 |
| Lease Expiration: | 8/31/2025 |
| Rent Increases: | 3% in year 11. |
| Options: | 4 5 year options, rent increases 10% in each option period. |
| Property Type: | Retail |
| Building Size: | 9,014 |
| Lot Size: | 1 Acres |
| Landlord Responsibilities: | |
| None! | |
Market & Tenant Information
Market Area
Rare absolute net new 15 year Dollar General.
No landlord responsibilities.
Perfect 1031 exchange and/or long term investment.
Rent commencement projected Sept. 1, 2010.
Annual Rent: $75,600
Increases by 3% in year 11.
4 5 year options, rent increases 10% in each option period.
Daytime Population
1-mi. 11,822, 3-mi. 34,961, 5-mi 40,803
Tenant Information
The lease is guaranteed by Dollar General Corporation.
Dollar General Corporation is a $10.5 billion company that operates more than 8,500 neighborhood discount stores in 35 states.
1/3 Tenant In Common interests if available, Price $315,000
Broker and Principal Contact Information
Arnold Kramer - |
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| United Equities Corp. | Phone: 312-523-7222 |
| Chicago IL |
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