Dollar General

1712 Lincoln Highway, North Versailles, PA 15137

$1,850,000

Cap Rate 7.00%

Views: 2420 DOM: 330 Updated: 10.23.24 Posted: 01.26.24 Status: Active

Summary

Price $1,850,000	Built/Renov 2023	Tenant Dollar General
Cap Rate 7.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,000	Lease Start 03-01-2023	#Units 19,986
Price/SF $185.00	Expiration 03-01-2033	Tenant Type Dollar/Discount
NOI $129,500	R. Term 8.2	Ownership Fee Simple
Rent/SF $12.95	Increases 10.0%/8/yrs	Pop 5Mi 130,422
Lot/AC 1.10	Options 3/5yrs/10%	AHHI 5Mi $55,016

Brendan Eisenbrandt

PennTex Ventures

Contact

Lease Highlights

Brand new 2023 construction
Dollar General has 8+ years remaining on the current lease term with 3 (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
Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located along Lincoln Highway, a primary highway leading through North Versailles, with access to 23,732 vehicles passing daily. The site benefits from neighboring national/credit tenants including O’Reilly Auto Parts, The Home Depot, Giant Eagle, Big Lots and Speedway. The 5-mile trade area is supported by 130,422 residents earning an...

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Key Features

New construction
Near major nationals
Strategically located
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia North Versailles, Pennsylvania Zip Code 15137 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 :	2,849	36,402	127,725
2023 Total Population :	2,925	37,088	129,901
2023 Employed Civilian Pop :	1,231	17,309	63,690
2023 Total Businesses :	143	1,311	4,765
2023 Average Household Income :	$ 86,908	$ 77,554	$ 78,998
2023 Total Consumer Spending :	$ 114 M	$ 1175 M	$ 4101 M
2023 Median Age :	50	48	46
2023 Total Households :	1,506	17,313	59,447
2023 Pop Age 25+: Bachelor's Degree :	462	5,800	19,517
2023 Average Home Value :	$ 148,365	$ 181,664	$ 198,983

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Lincoln Highway	Luehm Ave	2022	9,523	0.07 mi
Lincoln Highway	Luehm Ave	2022	9,693	0.07 mi
Bach Drive	Dix Dr	2020	89	0.11 mi
Lincoln Hwy	Dix Dr	2017	24,245	0.18 mi
Hoffman Road	Dix Dr	2020	37	0.19 mi
Lincoln Highway	Reiss Ln	2019	12,591	0.53 mi
Lincoln Hwy	McKee Rd	2019	12,200	0.55 mi
Lincoln Highway	Naser Rd	2021	23,453	0.59 mi
Jacks Run Road	Catherine St	2019	8,352	0.81 mi
Jacks Run Road	Mc Clintock Rd	2022	8,774	0.81 mi

Listing Broker

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