Dollar General

14609 U.S. 422, Strongstown, PA 15957

$1,210,000

Cap Rate 7.09%

Views: 20 DOM: 26 Updated: 04.20.24 Posted: 04.20.24 Status: Active

Summary

Price $1,210,000	Built/Renov 2016	Tenant Dollar General
Cap Rate 7.09%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 08-21-2016	#Units 19,986
Price/SF $132.97	Expiration 08-31-2031	Tenant Type Dollar/Discount
NOI $85,848	R. Term 7.3	Ownership Fee Simple
Rent/SF $9.43	Increases 10.0%/0/yrs	Pop 5Mi 3,669
Lot/AC 1.17	Options 0/0yrs/10%	AHHI 5Mi $71,311

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 Benjamin Franklin Highway/Route 422, with access to 9,600 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 Big Lots, Tractor Supply Co, Walmart, Dollar Tree, Rite Aid, and more. The 5-mile...

...

Key Features

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

...

Links

Dollar General Wikipedia Dollar General Wikipedia Strongstown, Pennsylvania Zip Code 15957 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,...

...

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Red Mill Rd	2021	6,418	0.88 mi
Malloy Hollow Rd	State Hwy403 N	2017	1,268	1.04 mi
US Hwy 422	T902	2017	6,859	1.14 mi
State Rte 403 S	Shortcut Rd	2017	1,163	1.14 mi
State Rte 403 N	Everett Ln	2017	1,268	1.29 mi
State Rte 403 S	Albert Dr	2017	1,163	1.61 mi
Camerons Rd	Caberons Rd	2017	354	1.81 mi
	Iverson Rd	2022	104	1.93 mi
Logging Road 11107	T497	2020	78	1.96 mi
Logging Road 11107	Benjamin Franklin Hwy	2021	83	1.96 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT