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Views: 103 DOM: 184 Updated: 11.14.24 Posted: 05.15.24 Status: Active

Summary

Price $761,000
Built/Renov 2004
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,579
Lease Start 02-01-2024
#Units 19,986
Price/SF $88.70
Expiration 02-28-2029
Tenant Type Dollar/Discount
NOI $60,900
R. Term 4.3
Ownership Fee Simple
Rent/SF $7.10
Increases 2.5%/5/yrs
Pop 5Mi 18,371
Lot/AC 0.85
Options 2/5yrs/2.5%
AHHI 5Mi $69,078

Lease Highlights

  • Dollar General has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2.5% rental increases at the start of each option period
  • Limited landlord responsibilities 
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on East Railroad Street, offering excellent visibility with street frontage. The property is surrounded by well-known national tenants, including Rite Aid, Ford, Subway, Citgo, and more. The 5-mile trade area is supported by a population of 18,371 residents with an average household income of $69,078. Ashland is a borough in Schuylkill County,...

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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
2029 Total Population : 2,090 7,185 18,198
2024 Total Population : 2,111 7,274 18,382
2024 Employed Civilian Pop : 907 3,179 7,475
2024 Total Businesses : 109 195 436
2024 Average Household Income : $ 74,936 $ 78,683 $ 71,974
2024 Total Consumer Spending : $ 64 M $ 223 M $ 486 M
2024 Median Age : 47 47 45
2024 Total Households : 956 3,138 7,456
2024 Pop Age 25+: Bachelor's Degree : 116 545 1,363
2024 Average Home Value : $ 153,313 $ 158,234 $ 156,847
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Centre St 2nd St 2016 3,475 0.18 mi
South Hoffman Boulevard E Walnut St 2021 7,136 0.35 mi
South Hoffman Boulevard E Walnut St 2020 3,152 0.35 mi
S 3rd St Spruce St 2017 6,976 0.36 mi
Centre St N 4th St 2017 7,623 0.43 mi
E Centre St 2021 3,225 0.43 mi
East Centre Street Oakland Ave 2022 3,207 0.44 mi
South Hoffman Boulevard Broad St 2021 7,136 0.53 mi
Big Mine Run Rd Bast Ave 2017 1,044 0.68 mi
Big Mine Run Rd Bast Ave 2017 1,044 0.69 mi

Listing Broker

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