loader
Join Free
Views: 133 DOM: 190 Updated: 10.11.24 Posted: 04.22.24 Status: Sold 10.30.24

Summary

Price $1,512,000
Built/Renov 1996/2013
Tenant Dollar General
Cap Rate 7.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 9,270
Lease Start 01-01-2014
#Units 19,986
Price/SF $163.11
Expiration 12-31-2028
Tenant Type Dollar/Discount
NOI $113,400
R. Term 4.0
Ownership Fee Simple
Rent/SF $12.23
Increases 10.0%/4/yrs
Pop 5Mi 20,669
Lot/AC 2.29
Options 3/5yrs/10%
AHHI 5Mi $129,844

Lease Highlights

  • Dollar General has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure | Transferable roof warranty included
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the signalized, hard-corner intersection of Jacobstown-New Egypt Rd and Monmouth Rd, with access to a combined daily traffic count of 9,000 vehicles. The property sits directly across from the 46-unit Deep Well Terrace mobile home community, 1 mile from both CB Lamb Elementary and North Hanover Twp. Upper Elementary School, and 4 miles from New Egypt...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,394 12,332 20,740
2023 Total Population : 1,397 12,324 20,669
2023 Employed Civilian Pop : 790 5,395 9,472
2023 Total Businesses : 27 295 664
2023 Average Household Income : $ 108,523 $ 112,620 $ 129,844
2023 Total Consumer Spending : $ 55 M $ 417 M $ 806 M
2023 Median Age : 44 32 35
2023 Total Households : 597 4,308 7,278
2023 Pop Age 25+: Bachelor's Degree : 162 1,793 3,355
2023 Average Home Value : $ 318,830 $ 413,910 $ 480,185
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Jacobstown New Egypt Road Monmouth Rd 2018 4,005 0.03 mi
Monmouth Road Larrison Rd 2018 5,003 0.15 mi
Monmouth Road Meany Rd 2020 6,536 0.31 mi
Monmouth Road Meany Rd 2018 6,838 0.36 mi
Jacobstown New Egypt Road Myron Blvd 2017 3,942 0.39 mi
Jacobstown New Egypt Road Larry Ln 2020 3,857 0.42 mi
Monmouth Rd Yorkshire Ter 2018 7,775 0.49 mi
Monmouth Road Ivy Ln 2017 7,717 0.61 mi
Jacobstown New Egypt Rd Meany Rd 2015 3,786 0.65 mi
Jacobstown Cookstown Road Monmouth Rd 2018 1,566 0.83 mi

Listing Broker

Loading...
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

GET IN TOUCH

my activity