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Dollar General Hartford Ave (RT 6) & Pine Grove Ave in Johnston, RI

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Dollar General Hartford Ave (RT 6) & Pine Grove Ave in Johnston, RI Representative Image Dollar General Hartford Ave (RT 6) & Pine Grove Ave in Johnston, RI Price: $2,026,000 | Cap: 6.00% | NOI: $121,565 § Dollar General Corp | NYSE: DG | S&P Rating: “BBB-” Investment Grade § Brand new 2019 construction § New 15 year absolute triple net Lease Phone: 212.972.3947 § Upgraded construction [email protected] § 1-Mile average household income: $123,000+ www.exp1031.com This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Dollar General – Johnston, RI Investment Overview PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a brand new Dollar General located in Johnston, RI. This new 9,100 INVESTMENT SUMMARY s/f building features upgraded brick and EFIS construction and is situated on 1.35 acres of land with 28 parking spaces. The property is located on Hartford Ave (RT 6) which is a main thoroughfare and has average daily traffic Price: $2,251,400 counts of 24,600 cars per day near the property. The property is a short distance from on/off ramp (Exit 9) to I-295 / Providence Beltway which carries an average of 76,000 cars per day. Rhode Island DOT is in the process of Cap Rate: 6.00% completing a $42m highway/bridge improvement program to rehabilitate bridges that carry I-295 at its interchange with Routes 6 and 6A in Johnston (Exit 9). The average household income within 1-mile of the property is over NNN Rent: $135,088 $123,000. Within 5-miles, population is over 86,000. Both of these figures are expected to increase by approximately 15% by 2024. Bld. Sq Ft: 9,100 LEASE SUMMARY: Land Size: 1.35 AC Rent Commencement: October 2019 ParKing: 28 Spaces Lease Expiration Date: October 2034 Current Rent: $135,088 Lease Type: Absolute NNN Options: Three – (5) year options Options Escalations: 10% every 5 years Lease Type: Absolute Triple Net TENANT OVERVIEW: Dollar General | NYSE: DG | S&P Rating: BBB- Investment Grade Dollar General Corporation operates as the country’s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities. Dollar General offers both name-brand and generic merchandise—including off-brand goods and closeouts of name-brand items. In 2007 Kohlberg Kravis Roberts & Co. (KKR) (NASDQ: KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of March 1, 2019, Dollar General Corporation operated 15,472 stores in 44 states. This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENT OVERVIEW Dollar General – Johnston, RI Retail Map 24,000 cars per day This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. RETAIL MAP Dollar General – Johnston, RI Market Overview Introduction to Johnston, Rhode Island Johnston, Rhode Island, in Providence county, is 4 miles NW of Cranston, RI (center to center) and 43 miles SW of Boston, MA. The town is part of the Providence - Fall River - Warwick metropolitan statistical area (MSA). Johnston History Johnston was initially part of the town of Providence. Later in 1758, it was separated from the town and incorporated on March 6, 1759. It was named after August Johnston, the colonial attorney general. The town's first meeting was held on April 18, 1759, in order to elect the officers. The meeting was held at the house of Benjamin Belknap. Johnston and nearby Attractions •State of Rhode Island Fort Adams State Park •Providence Children's Museum •Snake Den State Park •Roger Williams Park Zoo •Smith-Appleby House Museum •Lincoln Woods State Park Things To Do In Johnston Johnston is home to Clemence Irons House, a stone-ender museum constructed in 1691. The town also has several parks such as the Johnston Memorial Park, Woodlake Park Complex, Dyerville State Park, and Woonasquatucket Park. The Westgate Shopping Center, Town Hall Center Shopping Center, and Lexington Building Shopping Center are some of the local shopping centers. The Recreation Department of Johnston also organizes several special events and programs throughout the year. Johnston Transportation You can reach Theodore Francis Green State Airport within several minutes. Johnston Higher Education Rhode Island College, Bryant College, and Providence College are close to the town. Johnston is easily accessed from either Route 295 which runs North to South or Route 6 which runs East to West. Those arriving to the state by plane will travel Route 295 north and those arriving by rail will take route 10 west to Route 6 west. Driving times will range from 15 to 30 minutes depending on traffic from either direction. This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Dollar General – Johnston, RI Market Overview This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. SITE PLAN Dollar General – Johnston, RI Retail Map This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. RETAIL MAP Dollar General – Johnston, RI Demographics 2019 Summary 1 Mile 3 Miles 5 Miles Population 2,847 14,897 86,039 Households 1,011 5,827 34,552 Contact Us Families 773 4,064 21,994 EXP Realty Advisors Average Household SiZe 2.81 2.52 2.42 52 Vanderbilt Ave Owner Occupied Housing Units 886 4,677 23,135 Suite #2014 New YorK, NY 10017 Renter Occupied Housing Units 125 1,150 11,417 www.exp1031.com Median Age 46.7 48.7 45.2 Our Team Median Household Income $107,721 $90,679 $68,604 Average Household Income $123,358 $107,034 $88,782 Daniel de Sa’ Phone: (212) 972-3947 E-mail: [email protected] 2024 Summary 1 Mile 3 Miles 5 Miles Population 2,872 15,030 87,082 Households 1,018 5,877 34,932 Robert P. James President Families 778 4,090 22,187 Average Household SiZe 2.82 2.52 2.42 RI BroKer of record: Owner Occupied Housing Units 899 4,760 23,757 FranK Normandin REB.0018380 Renter Occupied Housing Units 119 1,118 11,174 Median Age 46.6 49.4 45.6 Median Household Income $119,067 $102,687 $79,611 Average Household Income $141,493 $122,215 $102,173 This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHIC DATA.
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