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Views: 79 DOM: 234 Updated: 09.12.24 Posted: 01.26.24 Status: Active

Summary

Price $1,675,265
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 10-31-2023
#Units 19,986
Price/SF $158.55
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $108,892
R. Term 14.1
Ownership Fee Simple
Rent/SF $10.31
Increases 10.0%/14/yrs
Pop 5Mi 48,114
Lot/AC 1.23
Options 3/5yrs/10%
AHHI 5Mi $51,767

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located along N Sharpsville Avenue which sees 3,669 vehicles passing by daily. The site benefits from its location within a dense residential area providing a direct consumer base to draw from. Traffic generators in the area include NLMK Pennsylvania (560 employees), The Wheatland Industrial Park (500+ workers), Sharon Tube (450+...

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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 : 5,314 33,254 47,296
2023 Total Population : 5,403 33,755 48,083
2023 Employed Civilian Pop : 2,380 13,518 19,972
2023 Total Businesses : 150 1,279 1,827
2023 Average Household Income : $ 64,122 $ 60,438 $ 70,701
2023 Total Consumer Spending : $ 136 M $ 814 M $ 1350 M
2023 Median Age : 42 45 47
2023 Total Households : 2,429 15,298 21,747
2023 Pop Age 25+: Bachelor's Degree : 513 3,297 5,704
2023 Average Home Value : $ 99,637 $ 134,171 $ 169,161
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Sharpsville Ave Tamplin St 2019 3,746 0.09 mi
North Sharpsville Avenue Brooklyn St 2022 3,308 0.14 mi
Clark Street Shenango Ave 2022 2,476 0.25 mi
Hall Ave Fisher Hill St 2017 769 0.31 mi
North Water Avenue Russell St 2021 3,557 0.31 mi
North Water Avenue State Hwy3019 2022 3,835 0.32 mi
N Water Ave Superior St 2018 3,686 0.32 mi
Shenango Ave Broad Pl 2017 50 0.37 mi
Hall Ave Isa Ella St 2016 2,523 0.37 mi
4th Ave Reed St 2017 769 0.44 mi

Listing Broker

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