Dollar General

864 Evergreen Street, Lilly, PA 15938

$1,516,900

Cap Rate 7.25%

Views: 149 DOM: 476 Updated: 11.14.24 Posted: 09.02.23 Status: Contract

Summary

Price $1,516,900	Built/Renov 2023	Tenant Dollar General
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 04-26-2023	#Units 19,986
Price/SF $142.57	Expiration 04-30-2038	Tenant Type Dollar/Discount
NOI $109,980	R. Term 13.4	Ownership Fee Simple
Rent/SF $10.34	Increases 10.0%/5/yrs	Pop 5Mi 15,791
Lot/AC 3.55	Options 3/5yrs/10%	AHHI 5Mi $76,456

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Brand new 2023 construction
Dollar General recently signed a brand new 15-year lease with 2 (5-year) options and 1 (4-year, 11 month) option to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

This newly constructed 10,640 square foot Dollar General is situated on a 3.55 acre parcel along Evergreen Street ( State Hwy 53) with access to 5,200 vehicles per day. Neighboring national/credit tenants in the area include McDonald's, Rite Aid, Sheetz and Family Dollar. Additionally, the tenant is less than 4 miles away from Mount Aloysius College further increasing consumer traffic to the...

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Key Features

New construction
Oversized lot
Near major nationals
Highway location
Brand new lease
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Lilly, Pennsylvania Zip Code 15938 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,226	6,675	15,659
2023 Total Population :	1,245	6,778	15,985
2023 Employed Civilian Pop :	530	2,918	6,620
2023 Total Businesses :	36	240	469
2023 Average Household Income :	$ 72,806	$ 79,361	$ 76,423
2023 Total Consumer Spending :	$ 35 M	$ 192 M	$ 410 M
2023 Median Age :	44	43	43
2023 Total Households :	545	2,747	6,066
2023 Pop Age 25+: Bachelor's Degree :	117	681	1,658
2023 Average Home Value :	$ 140,940	$ 191,204	$ 183,904

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Evergreen Street	Carneys Crossing Rd	2021	5,171	0.08 mi
Evergreen Street	Carmello Ln	2020	4,797	0.11 mi
S R 2019	T424	2017	555	0.26 mi
Evergreen St	High St	2017	5,186	0.33 mi
Evergreen St	Railroad St	2017	5,186	0.40 mi
Level Road	T435	2021	666	0.42 mi
West 2nd Street	Evergreen St	2021	5,171	0.52 mi
Church Street	George St	2021	649	0.60 mi
Farmers Turnpike	S R 2015	2021	302	0.65 mi
Church St	White St	2017	585	0.66 mi

Listing Broker

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