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Views: 75 DOM: 234 Updated: 09.12.24 Posted: 01.26.24 Status: Active

Summary

Price $1,594,120
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 10-03-2023
#Units 19,986
Price/SF $150.87
Expiration 10-31-2038
Tenant Type Dollar/Discount
NOI $103,618
R. Term 14.1
Ownership Fee Simple
Rent/SF $9.81
Increases 10.0%/14/yrs
Pop 5Mi 12,025
Lot/AC 2.95
Options 3/5yrs/10%
AHHI 5Mi $53,051

Lease Highlights

  • Brand new 2023 construction
  • Dollar General has 14+ years remaining on the current lease term 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 on Theatre Road which sees 3,859+ vehicles passing by daily. It is situated across from the intersection with Number Nine Road (1,504 VPD). Traffic generators and major employers within a 25-minute drive of the site include Northern Cambria High School (361 students, 40 faculty & staff), St. Benedic Manor Secure Dementia & Personal...

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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 : 666 7,028 11,667
2023 Total Population : 681 7,205 11,979
2023 Employed Civilian Pop : 279 3,104 5,263
2023 Total Businesses : 16 250 380
2023 Average Household Income : $ 67,802 $ 65,568 $ 71,364
2023 Total Consumer Spending : $ 17 M $ 175 M $ 317 M
2023 Median Age : 47 45 46
2023 Total Households : 305 3,021 5,024
2023 Pop Age 25+: Bachelor's Degree : 75 526 930
2023 Average Home Value : $ 121,038 $ 115,607 $ 146,671
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Holy Cross Ave 2022 83 0.11 mi
Bigler Ave 2nd St 2017 4,011 0.12 mi
1st St 2022 50 0.27 mi
4th St 2022 139 0.27 mi
Number Nine Road T532 2021 1,485 0.33 mi
Theatre Rd 2022 54 0.48 mi
McClain Ave 2022 228 0.51 mi
Bigler Ave 2022 157 0.65 mi
Bigler Ave 2022 70 0.79 mi
Bigler Ave 2022 47 0.85 mi

Listing Broker

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