Dollar General

16074 Pennsylvania 287, Tioga, PA 16946

$1,726,835

Cap Rate 6.50%

Views: 22 DOM: 24 Updated: 05.08.24 Posted: 04.22.24 Status: Active

Summary

Price $1,726,835	Built/Renov 2023	Tenant Dollar General
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 08-16-2023	#Units 19,986
Price/SF $162.30	Expiration 08-31-2038	Tenant Type Dollar/Discount
NOI $112,244	R. Term 14.3	Ownership Fee Simple
Rent/SF $10.55	Increases 10.0%/14/yrs	Pop 5Mi 2,929
Lot/AC 4.36	Options 2/5yrs/10%	AHHI 5Mi $71,265

Lease Highlights

Brand new 2023 construction
Dollar General Market has 14+ years remaining on the current lease term with 2 (5-year) and 1 (4-year 11 months) options to extend
The lease features 10% rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located with signage and excellent frontage on PA-287, the primary traffic route, with access to 3,085 vehicles passing by daily. The property is conveniently situated just 2 miles from on/off ramps to U.S. Highway 15, which sees a traffic count of 9,442 VPD, and provides direct access north to New York state and south to Williamsport and Harrisburg. The 5-mile...

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Key Features

New construction
Build to suit
Oversized lot
Strategically located
Highway close
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Tioga, Pennsylvania Zip Code 16946 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	947	1,486	2,923
2023 Total Population :	951	1,492	2,929
2023 Employed Civilian Pop :	356	580	1,178
2023 Total Businesses :	22	43	84
2023 Average Household Income :	$ 60,937	$ 64,559	$ 71,265
2023 Total Consumer Spending :	$ 22 M	$ 35 M	$ 76 M
2023 Median Age :	42	44	45
2023 Total Households :	411	629	1,229
2023 Pop Age 25+: Bachelor's Degree :	58	109	201
2023 Average Home Value :	$ 166,047	$ 179,292	$ 202,802

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Rte 287	Eden Ln	2017	3,085	0.18 mi
	Lake St	2022	152	0.20 mi
	Mann Hill Rd	2022	198	0.27 mi
	Meadow St	2022	91	0.35 mi
Center St	N Main St	2017	3,085	0.41 mi
	S Main St	2022	160	0.42 mi
Mann Hill Road	Mann Hill Rd	2022	687	0.43 mi
	Park St	2022	33	0.48 mi
	S Main St	2022	47	0.50 mi
	S Main St	2022	51	0.52 mi

Listing Broker

Michael Shover

CBRE: NLP Philadelphia

Contact

53 Listings
3100 Views
11 Sold

Matthew Gorman

CBRE: NLP Philadelphia

Contact

53 Listings
3100 Views
11 Sold

Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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