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Views: 157 DOM: 190 Updated: 08.26.24 Posted: 04.22.24 Status: Sold 10.30.24

Summary

Price $1,675,283
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 08-16-2023
#Units 19,986
Price/SF $157.45
Expiration 08-31-2038
Tenant Type Dollar/Discount
NOI $112,244
R. Term 13.8
Ownership Fee Simple
Rent/SF $10.55
Increases 10.0%/14/yrs
Pop 5Mi 2,929
Lot/AC 4.36
Options 2/5yrs/10%
AHHI 5Mi $71,265

Lease Highlights

  • Brand new 2023 construction
  • Dollar General Market has 14+ years remaining on the current lease term with 2 (5-year) and 1 (4-year 11 months) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located with signage and excellent frontage on PA-287, the primary traffic route, with access to 3,085 vehicles passing by daily. The property is conveniently situated just 2 miles from on/off ramps to U.S. Highway 15, which sees a traffic count of 9,442 VPD, and provides direct access north to New York state and south to Williamsport and Harrisburg. The 5-mile...

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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 : 947 1,486 2,923
2023 Total Population : 951 1,492 2,929
2023 Employed Civilian Pop : 356 580 1,178
2023 Total Businesses : 22 43 84
2023 Average Household Income : $ 60,937 $ 64,559 $ 71,265
2023 Total Consumer Spending : $ 22 M $ 35 M $ 76 M
2023 Median Age : 42 44 45
2023 Total Households : 411 629 1,229
2023 Pop Age 25+: Bachelor's Degree : 58 109 201
2023 Average Home Value : $ 166,047 $ 179,292 $ 202,802
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 287 Eden Ln 2017 3,085 0.18 mi
Lake St 2022 152 0.20 mi
Mann Hill Rd 2022 198 0.27 mi
Meadow St 2022 91 0.35 mi
Center St N Main St 2017 3,085 0.41 mi
S Main St 2022 160 0.42 mi
Mann Hill Road Mann Hill Rd 2022 687 0.43 mi
Park St 2022 33 0.48 mi
S Main St 2022 47 0.50 mi
S Main St 2022 51 0.52 mi

Listing Broker

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