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Views: 54 DOM: 44 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,763,430
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 12-01-2023
#Units 19,986
Price/SF $166.90
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $114,623
R. Term 14.1
Ownership Fee Simple
Rent/SF $10.85
Increases 5.0%/5/yrs
Pop 5Mi 5,309
Lot/AC 2.50
Options 3/5yrs/5%
AHHI 5Mi $56,757

Lease Highlights

  • New 2023 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 initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Route 219/Pittsburgh-Buffalo Highway, with access to 8,119 vehicles passing by daily. The property benefits from limited competition, as residents must travel 2.5 miles west to Brockway for major shopping options. The site features over 296 feet of frontage and more than 300 feet of visibility, allowing for a full-turn ingress and egress onto Route...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
T403 2021 8,119 0.05 mi
Keystone Ln 2022 5,762 0.05 mi
Howards Rd 2019 5,648 0.05 mi
US Hwy 219 Boggy Run Rd 2016 5,717 0.28 mi
Boggy Run Rd 2022 234 0.79 mi
T331 2022 21 1.13 mi
Keystone Road Orchard Dr 2021 869 1.14 mi
Toby Rd 2022 4,935 1.31 mi
US Hwy 219 Marchiori Rd 2019 4,752 1.44 mi
Bennett Dr 2022 112 1.73 mi

Listing Broker

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