Dollar General

1100 Front Street, Athens, PA 18810

$1,414,000

Cap Rate 7.25%

Views: 173 DOM: 469 Updated: 11.14.24 Posted: 08.10.23 Status: Contract 05.11.24

Summary

Price $1,414,000	Built/Renov 2022	Tenant Dollar General
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 07-01-2022	#Units 19,986
Price/SF $132.89	Expiration 07-31-2037	Tenant Type Dollar/Discount
NOI $102,513	R. Term 12.8	Ownership Fee Simple
Rent/SF $9.63	Increases 10.0%/14/yrs	Pop 5Mi 21,547
Lot/AC 2.07	Options 3/5yrs/10%	AHHI 5Mi $74,511

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
This location features Dollar General’s newest prototype
Tenant signed a new 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
Lease features 10% rental increases at the beginning of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed by Dollar General Corporation (NYSE: DG)

Location Description

This newly constructed Dollar General is positioned along Front Street/SR 1056 with access to 4,200 vehicles passing by daily. The subject property is located near Athens Area High School (700 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by 21,547 residents earning an average annual household income of $74,511. Athens is a borough in...

...

Key Features

New construction
New prototype
Strategically located
Highway close
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Dollar General Wikipedia Dollar General Wikipedia Athens, Pennsylvania Zip Code 18810 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	704	12,507	21,490
2023 Total Population :	701	12,508	21,711
2023 Employed Civilian Pop :	328	5,804	9,946
2023 Total Businesses :	20	526	789
2023 Average Household Income :	$ 78,714	$ 72,943	$ 76,392
2023 Total Consumer Spending :	$ 19 M	$ 356 M	$ 636 M
2023 Median Age :	47	44	44
2023 Total Households :	285	5,573	9,477
2023 Pop Age 25+: Bachelor's Degree :	88	1,451	2,325
2023 Average Home Value :	$ 166,150	$ 167,323	$ 176,907

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Front St	Eaglewood Dr	2017	2,813	0.06 mi
Glen Valley Rd	State Hwy1060	2017	917	0.26 mi
	Glen Valley Rd	2021	789	0.37 mi
Sheshequin Rd	Orange Hill Rd	2019	1,707	0.38 mi
Sheshequin Rd	Riverside Dr	2021	1,735	0.46 mi
Front St	Miller Rd	2017	2,813	0.47 mi
Front St	Glen Valley Rd	2017	4,110	0.54 mi
Riverside Dr	Horton Ln	2016	1,354	0.58 mi
Riverside Drive	Horton Ln	2019	1,345	0.59 mi
Glen Valley Rd	Front St	2017	917	0.65 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