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Views: 2368 DOM: 300 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 8.3
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

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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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 : 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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