Dollar General

30609 Route 35 North, McAlisterville, PA 17049

$1,255,000

Cap Rate 7.10%

Views: 21 DOM: 25 Updated: 04.21.24 Posted: 04.21.24 Status: Active

Summary

Price $1,255,000	Built/Renov 2016	Tenant Dollar General
Cap Rate 7.10%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 10-12-2016	#Units 19,986
Price/SF $137.91	Expiration 10-31-2031	Tenant Type Dollar/Discount
NOI $89,056	R. Term 7.5	Ownership Fee Simple
Rent/SF $9.79	Increases 10.0%/0/yrs	Pop 5Mi 6,107
Lot/AC 1.77	Options 0/0yrs/10%	AHHI 5Mi $82,210

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Dollar General has 7+ years remaining on the current lease term with options to be determined
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 on Route 35 North, with access to 5,100 vehicles passing by daily. The property boasts excellent visibility with street frontage, offering ease and convenience for customers. The immediate area is surrounded by well-known national tenants including McDonald's, NAPA, Family Dollar, Weiss, Tractor Supply Co, and more. The 5-mile trade area is supported by...

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Key Features

Build to suit
Near major nationals
Strategically located
Highway location
Absolute NNN
Limited competition
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia McAlisterville, Pennsylvania Zip Code 17049 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 :	806	2,877	5,979
2023 Total Population :	823	2,939	6,107
2023 Employed Civilian Pop :	376	1,349	2,758
2023 Total Businesses :	32	103	181
2023 Average Household Income :	$ 77,226	$ 80,650	$ 82,210
2023 Total Consumer Spending :	$ 26 M	$ 81 M	$ 166 M
2023 Median Age :	42	43	44
2023 Total Households :	401	1,168	2,319
2023 Pop Age 25+: Bachelor's Degree :	58	218	510
2023 Average Home Value :	$ 168,289	$ 188,707	$ 254,130

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Main St	T563	2017	4,398	0.23 mi
State Route 1004	Steve's Woods Dr	2021	698	0.41 mi
Westfall St	T509	2017	2,230	0.54 mi
Main Street	Church Ave	2021	5,552	0.67 mi
PA 35;PA 235	State Hwy235	2020	5,047	0.67 mi
	E Main St	2022	233	0.67 mi
E Main St	Beaver St	2018	5,147	0.72 mi
	Main St	2022	144	0.76 mi
State Route 1003	Tennis PkRd	2022	334	0.85 mi
State Rte 35	State Hwy1003	2015	4,400	0.88 mi

Listing Broker

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