Dollar General

1555 Washington Blvd, McKeesport, PA 15133

$1,981,335

Cap Rate 6.50%

Views: 90 DOM: 234 Updated: 09.12.24 Posted: 01.26.24 Status: Active

Summary

Price $1,981,335	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 05-09-2023	#Units 19,986
Price/SF $187.52	Expiration 05-31-2038	Tenant Type Dollar/Discount
NOI $128,788	R. Term 13.8	Ownership Fee Simple
Rent/SF $12.19	Increases 10.0%/14/yrs	Pop 5Mi 132,231
Lot/AC 0.93	Options 3/5yrs/10%	AHHI 5Mi $56,912

Brendan Eisenbrandt

PennTex Ventures

Contact

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 the hard corner intersection of Washington Blvd. and McClure Drive which sees 3,657+ vehicles passing by daily.The immediate area is a small business hub which includes a family development company office called Yarborough Development, a self-storage facility, and a family run limo service. Within a quarter mile south is the...

...

Key Features

New construction
Hard corner intersection
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Investment grade tenant

...

Links

Dollar General Wikipedia Dollar General Wikipedia McKeesport, Pennsylvania Zip Code 15133 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,640	49,473	129,016
2023 Total Population :	7,833	50,591	131,628
2023 Employed Civilian Pop :	4,084	24,240	64,261
2023 Total Businesses :	129	1,222	3,850
2023 Average Household Income :	$ 68,494	$ 68,945	$ 80,907
2023 Total Consumer Spending :	$ 212 M	$ 1380 M	$ 4178 M
2023 Median Age :	46	46	47
2023 Total Households :	3,488	22,661	58,990
2023 Pop Age 25+: Bachelor's Degree :	716	5,156	17,194
2023 Average Home Value :	$ 204,876	$ 169,505	$ 202,474

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Washington Blvd	Bellaire Dr	2015	2,100	0.41 mi
Washington Blvd	Fairlee Dr	2013	2,127	0.46 mi
Erie Ave	2nd St	2009	491	0.51 mi
Washington Boulevard	New York Ave	2021	2,208	0.51 mi
	Delaware Ave	2022	933	0.57 mi
Monongahela Ave N	Arch St	2014	6,564	0.60 mi
Pacific Ave	Maryland Ave	2015	4,068	0.61 mi
Romine Ave	Laredo St	2015	2,778	0.71 mi
Mansfield Brg	Monongahela Ave	2015	15,141	0.83 mi
Washington Boulevard	Kollar Dr	2019	2,086	0.89 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT