Dollar General

965 Main Street, Ford City, PA 16226

$1,866,130

Cap Rate 6.50%

Views: 66 DOM: 74 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,866,130	Built/Renov 2024	Tenant Dollar General
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,566	Lease Start 01-01-2024	#Units 19,986
Price/SF $176.62	Expiration 01-31-2039	Tenant Type Dollar/Discount
NOI $121,298	R. Term 14.1	Ownership Fee Simple
Rent/SF $11.48	Increases 5.0%/5/yrs	Pop 5Mi 14,077
Lot/AC 2.00	Options 3/5yrs/5%	AHHI 5Mi $56,936

Brendan Eisenbrandt

PennTex Ventures

Contact

Lease Highlights

Brand new 2024 construction
Dollar General has 14+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 5% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Main St/Route 66, a state highway with access to 7,260 vehicles passing by daily. The property benefits from limited competition, with the nearest Walmart being a 15-minute drive north in Kittanning. Key educational institutions within a 15-minute drive of the site include Armstrong Junior/Senior High School, Lenape Technical School, and Lenape...

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Key Features

New construction
Strategically located
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Ford City, Pennsylvania Zip Code 16226 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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Listing Broker

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