Dollar General

569 South Erie Street, Mercer, PA 16137

$1,869,390

Cap Rate 6.50%

Views: 57 DOM: 44 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,869,390	Built/Renov 2024	Tenant Dollar General
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,566	Lease Start 01-01-2024	#Units 19,986
Price/SF $176.93	Expiration 01-31-2039	Tenant Type Dollar/Discount
NOI $121,510	R. Term 14.2	Ownership Fee Simple
Rent/SF $11.50	Increases 5.0%/5/yrs	Pop 5Mi 9,363
Lot/AC 1.67	Options 3/5yrs/5%	AHHI 5Mi $63,259

Brendan Eisenbrandt

PennTex Ventures

Contact

Lease Highlights

Brand new 2024 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 primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on S Erie St. (Rt. 19), a main thoroughfare with access to 6,358 vehicles passing by daily. The property benefits from its proximity to the I-80 interchange, just 1.7 miles south, which sees 27,000 VPD. A significant traffic driver nearby is Plantation Park Campground, situated 1.1 miles east, featuring over 480 RV sites. The Mercer County Courthouse,...

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Key Features

New construction
Strategically located
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Mercer, Pennsylvania Zip Code 16137 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
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Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# 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...

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Listing Broker

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