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Views: 37 DOM: 44 Updated: 04.22.24 Posted: 04.03.24 Status: Active 04.03.24

Summary

Price $1,578,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 10-01-2023
#Units 19,986
Price/SF $148.31
Expiration 09-30-2038
Tenant Type Dollar/Discount
NOI $106,522
R. Term 14.4
Ownership Fee Simple
Rent/SF $10.01
Increases 10.0%/14/yrs
Pop 5Mi 8,081
Lot/AC 1.25
Options 5/5yrs/10%
AHHI 5Mi $92,600

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General recently signed a brand new 15-year lease with 5 (5-year) options to extend
  • Lease features 10% rental increases at the beginning of each option period 
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: DG)
  • Investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located on New Middletown-Elizabeth Road, with excellent visibility and access to 1,691 vehicles passing by daily. This prime location is further enhanced by the limited competition as it is the only dollar store serving the community. Additionally, the property is in close proximity to New Middletown Elementary School, Middletown PA Fire Department, and The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corp.
  • # 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,...


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Listing Broker

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