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Views: 96 DOM: 234 Updated: 09.12.24 Posted: 01.26.24 Status: Active

Summary

Price $1,845,230
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 11-21-2023
#Units 19,986
Price/SF $174.64
Expiration 11-20-2038
Tenant Type Dollar/Discount
NOI $119,940
R. Term 14.2
Ownership Fee Simple
Rent/SF $11.35
Increases 10.0%/10/yrs
Pop 5Mi 21,890
Lot/AC 3.00
Options 3/5yrs/10%
AHHI 5Mi $69,444

Lease Highlights

  • Brand new 2023 construction
  • Dollar General recently executed a new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located on Benjamin Franklin Highway which sees 6,713+ vehicles passing by daily. It is situated across from the intersection with Number Nine Road (1,504 VPD). Notable employers and traffic generators in the area include Twilight Mobile Home Park (130 lots), New Castle School of Trades (606 students & 80 Staff); Steelite International...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 616 3,196 21,534
2023 Total Population : 626 3,264 21,890
2023 Employed Civilian Pop : 229 1,304 9,805
2023 Total Businesses : 13 116 1,045
2023 Average Household Income : $ 68,740 $ 84,042 $ 91,250
2023 Total Consumer Spending : $ 16 M $ 103 M $ 750 M
2023 Median Age : 49 50 49
2023 Total Households : 281 1,409 9,466
2023 Pop Age 25+: Bachelor's Degree : 51 404 3,242
2023 Average Home Value : $ 130,583 $ 211,142 $ 203,488
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ben Franklin Parkway Davidson Ln 2021 6,338 0.15 mi
N Edinburg Rd Twilight Ln 2017 1,183 0.59 mi
Harbor Edinburg Road Harbor TerDr 2021 2,850 0.86 mi
N Edinburg Rd Denny Dr 2019 1,319 0.97 mi
Ben Franklin Parkway 2020 2,800 1.06 mi
County Road 4007 Benjamin Franklin Pkwy 2021 749 1.11 mi
Benjamin Franklin Pkwy 2021 1,281 1.20 mi
Benjamin Franklin Pkwy Old Youngstown Rd 2016 4,804 1.25 mi
Ben Franklin Parkway Matthews Rd 2021 6,351 1.29 mi
Ben Franklin Parkway Old Youngstown Rd 2019 2,432 1.29 mi

Listing Broker

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