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Views: 135 DOM: 221 Updated: 11.14.24 Posted: 05.15.24 Status: Active

Summary

Price $675,000
Built/Renov 2004
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,125
Lease Start 02-01-2024
#Units 19,986
Price/SF $83.08
Expiration 02-29-2028
Tenant Type Dollar/Discount
NOI $54,000
R. Term 3.2
Ownership Fee Simple
Rent/SF $6.65
Increases 8.0%/4/yrs
Pop 5Mi 6,055
Lot/AC 3.35
Options 2/5yrs/8%
AHHI 5Mi $68,198

Lease Highlights

  • Dollar General has 3+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 8% rental increases at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on West Pitt Street, providing excellent visibility and access to 4,700 vehicles passing by daily. The property is surrounded by well-known national tenants, including Goodwill, Ace Hardware, Rite Aid, Advance Auto Parts, Walmart Supercenter, and more. The 5-mile trade area is supported by a population of 6,055 residents with an average household income...

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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
2029 Total Population : 570 3,455 5,912
2024 Total Population : 583 3,535 6,044
2024 Employed Civilian Pop : 286 1,642 2,840
2024 Total Businesses : 34 142 202
2024 Average Household Income : $ 88,286 $ 71,470 $ 70,439
2024 Total Consumer Spending : $ 18 M $ 97 M $ 167 M
2024 Median Age : 48 46 47
2024 Total Households : 236 1,498 2,615
2024 Pop Age 25+: Bachelor's Degree : 37 234 426
2024 Average Home Value : $ 205,541 $ 164,526 $ 177,222
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lincoln Highway Mink Rd 2021 4,682 0.34 mi
West Pitt Street Shaffer St 2019 4,716 0.34 mi
Lincoln Hwy Pitt St 2017 4,368 0.38 mi
Lincoln Hwy 2022 53 0.38 mi
Lincoln Hwy T456 2017 3,756 0.41 mi
Somerset St 2022 34 0.66 mi
Lincoln Highway Willison Rd 2019 3,813 0.68 mi
Bubner Way 2022 14 0.86 mi
Pelesky Rd 2022 20 0.97 mi
Somerset Pike Main St 2021 2,959 0.97 mi

Listing Broker

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