Dollar General

1555 Washington Blvd, McKeesport, PA 15133

$1,981,335

Cap Rate 6.50%

Views: 134 DOM: 330 Updated: 10.17.24 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 13.5	Ownership Fee Simple
Rent/SF $12.19	Increases 5.0%/5/yrs	Pop 5Mi 132,231
Lot/AC 0.93	Options 3/5yrs/5%	AHHI 5Mi $56,912

Brendan Eisenbrandt

PennTex Ventures

Contact

Lease Highlights

Brand new 2023 construction
New 15-year lease with 3 (5-year) options to extend
5% rent increases every 5 years
Absolute NNN lease | 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...

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Key Features

New construction
Hard corner intersection
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Limited competition
Traded and rated company
Investment grade tenant

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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...

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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

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