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Views: 70 DOM: 75 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $2,320,430
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 05-08-2024
#Units 19,986
Price/SF $183.17
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $150,828
R. Term 14.5
Ownership Fee Simple
Rent/SF $11.91
Increases 5.0%/5/yrs
Pop 5Mi 19,044
Lot/AC 3.17
Options 3/5yrs/5%
AHHI 5Mi $130,735

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 throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Route 8/Pittsburgh Road, a major state route with access to a daily traffic count of 26,358 vehicles. Route 8 runs from Pittsburgh to Erie, PA, intersecting significant highways, including PA-28, I-76 (PA Turnpike), I-80, and I-90, enhancing the property's accessibility. Key employers and traffic drivers in the area include Mandell Trails...

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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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Listing Broker

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