Dollar General

351 Pennsylvania 56, Seward, PA 15954

$1,505,900

Cap Rate 7.25%

Views: 137 DOM: 476 Updated: 11.14.24 Posted: 09.02.23 Status: Contract

Summary

Price $1,505,900	Built/Renov 2022	Tenant Dollar General
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 10-14-2022	#Units 19,986
Price/SF $141.53	Expiration 10-31-2037	Tenant Type Dollar/Discount
NOI $109,177	R. Term 12.10	Ownership Fee Simple
Rent/SF $10.26	Increases 10.0%/14/yrs	Pop 5Mi 5,737
Lot/AC 2.86	Options 2/5yrs/10%	AHHI 5Mi $65,787

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

New 2022 construction
Dollar General has 13+ years remaining on the current lease term with 2 (5-year) options and 1 (4-year 11 months) option to extend
Lease features a 10% rental increase at the beginning of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Dollar General Corp. (NYSE: DG)

Location Description

This newly constructed Dollar General is strategically located along Route 56/711 seeing 5,500 vehicles per day. The site is situated within a small rural residential area benefiting from a direct consumer base for the site to draw from. The 5-mile trade area is supported by 5,737 residents earning an average annual income of $65,787. Seward is a borough located in Westmoreland County,...

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Key Features

New construction
New prototype
Strategically located
Highway location
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Seward, Pennsylvania Zip Code 15954 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 :	1,002	2,686	5,494
2023 Total Population :	1,024	2,751	5,610
2023 Employed Civilian Pop :	426	1,101	2,301
2023 Total Businesses :	41	79	164
2023 Average Household Income :	$ 65,474	$ 70,332	$ 71,807
2023 Total Consumer Spending :	$ 26 M	$ 78 M	$ 157 M
2023 Median Age :	48	49	49
2023 Total Households :	459	1,246	2,458
2023 Pop Age 25+: Bachelor's Degree :	43	189	448
2023 Average Home Value :	$ 145,809	$ 153,252	$ 157,771

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Bridge Street	Wakefield St	2020	12	0.06 mi
	7th St	2021	5,463	0.15 mi
Van Horn St	3rd St	2017	5,538	0.33 mi
	Wm Fry Rd	2021	5,463	0.40 mi
State Rte 56	Edgewood Ln	2017	5,538	0.42 mi
Charles Rd	Hill Rd	2017	822	0.72 mi
State Rte 56	Edgewood Ln	2017	3,651	0.76 mi
2nd St	5th St	2017	2,850	0.81 mi
	3rd Ave	2021	1,003	0.92 mi
PA 711	Hill Rd	2020	942	0.92 mi

Listing Broker

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