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Views: 122 DOM: 164 Updated: 08.12.24 Posted: 06.22.24 Status: Active

Summary

Price $1,370,000
Built/Renov 2017
Tenant Dollar General
Cap Rate 7.26%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,028
Lease Start 09-29-2017
#Units 19,986
Price/SF $151.75
Expiration 09-30-2032
Tenant Type Dollar/Discount
NOI $99,416
R. Term 7.10
Ownership Fee Simple
Rent/SF $11.01
Increases 10.0%/5/yrs
Pop 5Mi 4,500
Lot/AC 2.10
Options 3/5yrs/10%
AHHI 5Mi $82,522

Lease Highlights

  • Dollar General has 8+ years remaining on the current lease term with 3 (5-year) 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 on Pittsburgh Road, with access to 11,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including BP, Sheetz, Subway, Burger King, Arby's, and more. The 5-mile trade area is supported by a population of 4,500 residents with an average household income of $82,522. Harrisville is a borough in Butler County,...

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Maps

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  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # 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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 177 1,614 4,729
2024 Total Population : 183 1,653 4,750
2024 Employed Civilian Pop : 88 806 2,243
2024 Total Businesses : 30 84 175
2024 Average Household Income : $ 91,904 $ 104,611 $ 105,084
2024 Total Consumer Spending : $ 6 M $ 63 M $ 180 M
2024 Median Age : 47 48 48
2024 Total Households : 80 681 1,921
2024 Pop Age 25+: Bachelor's Degree : 16 160 473
2024 Average Home Value : $ 218,929 $ 288,875 $ 313,052
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pittsburgh Rd Walnut St 2019 6,234 0.17 mi
Pittsburgh Road Log Cemetery Rd 2021 9,895 0.25 mi
I- 80 2021 3,423 0.39 mi
Pittsburgh Rd 2021 1,784 0.41 mi
William Flinn Hwy 2021 3,557 0.45 mi
I- 80 2021 1,805 0.47 mi
Pittsburgh Rd William Flinn Hwy 2016 6,970 0.50 mi
I- 80 William Flinn Hwy 2019 13,528 0.72 mi
Barkeyville Rd 2019 1,942 0.73 mi
PA 208 Hardinger Blvd 2021 2,070 0.78 mi

Listing Broker

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