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Views: 77 DOM: 83 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,812,060
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 12-01-2023
#Units 19,986
Price/SF $171.50
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $117,784
R. Term 14.0
Ownership Fee Simple
Rent/SF $11.15
Increases 5.0%/5/yrs
Pop 5Mi 11,043
Lot/AC 1.46
Options 3/5yrs/5%
AHHI 5Mi $62,301

Lease Highlights

  • New 2023 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 every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of Polecat Hollow Road and Dennings Highway, with access to a combined daily traffic count of 6,211 vehicles. Route 220 (Dunnings Highway) serves as an alternate route to Interstate 99, facilitating travel south to Cumberland, Maryland. Notable employers and traffic generators in the area include NPC Inc., Shirley’s Cookie...

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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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