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Views: 123 DOM: 234 Updated: 09.12.24 Posted: 01.26.24 Status: Active

Summary

Price $1,933,050
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,100
Lease Start 11-01-2023
#Units 19,986
Price/SF $212.42
Expiration 11-01-2038
Tenant Type Dollar/Discount
NOI $125,648
R. Term 14.1
Ownership Fee Simple
Rent/SF $13.81
Increases 10.0%/14/yrs
Pop 5Mi 34,086
Lot/AC 1.00
Options 3/5yrs/10%
AHHI 5Mi $63,266

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located at the hard corner intersection of Saxonburg Road and Rt 908 which sees 9,221 vehicles passing by daily. It is also less than 1 mile from Route 28 which sees an additional 26,267 vehicles per day. Traffic generators in the area include the Harvest Baptist Academy & Church (241 students), Metplas Inc (60 employees), Oberg Industries...

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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
2028 Total Population : 730 12,705 33,754
2023 Total Population : 734 12,793 34,108
2023 Employed Civilian Pop : 367 6,212 16,570
2023 Total Businesses : 16 442 1,041
2023 Average Household Income : $ 113,326 $ 100,232 $ 89,009
2023 Total Consumer Spending : $ 30 M $ 497 M $ 1172 M
2023 Median Age : 47 48 46
2023 Total Households : 311 5,720 15,109
2023 Pop Age 25+: Bachelor's Degree : 109 1,645 4,345
2023 Average Home Value : $ 356,530 $ 266,735 $ 251,943
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ekastown Rd Saxonburg Rd 2019 4,167 0.11 mi
Ekastown Road Meadow St 2021 5,053 0.11 mi
Saxonburg Rd Freedom Ln 2015 4,900 0.16 mi
Bakerstown Road Stoebener Ln 2021 7,196 0.25 mi
Millerstown Rd Stoebener Ln 2015 2,800 0.36 mi
Bakerstown Road Golembesky Ln 2021 2,934 0.39 mi
Bakerstown Road Banbury Ln 2019 3,362 0.60 mi
Millerstown Freeport Exd Banbury Ln 2017 6,796 0.65 mi
Allegheny Valley Expy Millerstown and Culmerville Rd 2019 4,900 0.68 mi
Millerstown and Culmerville Rd 2022 3,196 0.68 mi

Listing Broker

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