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Views: 119 DOM: 331 Updated: 10.23.24 Posted: 01.25.24 Status: Active

Summary

Price $2,276,390
Built/Renov 2006/2022
Tenant Dollar General Market
Cap Rate 7.20%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 14,285
Lease Start 10-27-2022
#Units 19,986
Price/SF $159.36
Expiration 08-31-2039
Tenant Type Dollar/Discount
NOI $163,900
R. Term 14.8
Ownership Fee Simple
Rent/SF $11.47
Increases 10.0%/14/yrs
Pop 5Mi 32,317
Lot/AC 1.84
Options 3/5yrs/10%
AHHI 5Mi $54,644

Lease Highlights

  • Initial term extended through August 2039
  • 14+ years remaining with 3 (5-year) options to extend
  • 10% rental increases at the beginning of each option period
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

This recently renovated Dollar General Market is strategically located on the hard corner intersection of 7th Street and Locust Street which sees 9,536+ vehicles passing by daily. The property is adjacent to the Indiana University of Pennsylvania and is ranked within the top 2% of Dollar GeneraIs in site visits nationally. 32,317 people, earning an average household income of $54,644 occupy...

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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 : 14,477 25,380 31,877
2023 Total Population : 14,706 25,812 32,423
2023 Employed Civilian Pop : 6,520 11,309 13,466
2023 Total Businesses : 753 1,386 1,546
2023 Average Household Income : $ 65,229 $ 73,709 $ 74,837
2023 Total Consumer Spending : $ 288 M $ 669 M $ 830 M
2023 Median Age : 24 29 33
2023 Total Households : 5,015 10,357 12,660
2023 Pop Age 25+: Bachelor's Degree : 1,637 3,566 4,246
2023 Average Home Value : $ 165,088 $ 208,071 $ 203,106
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wayne Avenue Rose St 2022 8,732 0.05 mi
South 6th Street Locust St 2022 5,678 0.12 mi
South 6th Street Willow Ave 2021 7,165 0.12 mi
Grant Street S 11th St 2022 300 0.16 mi
West Maple Street Fleming Ave 2020 1,273 0.23 mi
S 6th St Washington St 2017 7,206 0.24 mi
School St 2022 300 0.24 mi
School Street Pratt Dr 2019 3,150 0.27 mi
Grant St 2022 300 0.27 mi
School St Pratt Dr 2017 3,516 0.28 mi

Listing Broker

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