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Views: 29 DOM: 25 Updated: 05.08.24 Posted: 04.22.24 Status: Active

Summary

Price $2,117,986
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 6.20%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 09-01-2023
#Units 19,986
Price/SF $167.19
Expiration 08-31-2038
Tenant Type Dollar/Discount
NOI $131,315
R. Term 14.3
Ownership Fee Simple
Rent/SF $10.37
Increases 10.0%/14/yrs
Pop 5Mi 16,647
Lot/AC 2.22
Options 2/5yrs/10%
AHHI 5Mi $111,564

Lease Highlights

  • Brand-new 2023 construction
  • Dollar General Market has 14+ years remaining on the current lease term with 2 (5-year) and 1 (4-year 11 months) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located with signage and excellent frontage on PA Route 739, with access to 4,500 vehicles passing by daily. The property is conveniently situated just 6 miles from on/off ramps to I-84, with a traffic volume of 18,312 VPD, this interstate route connects Northeast Pennsylvania to Connecticut. The 5-mile trade area is supported by a population of 16,647...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • 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, cleaning supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,367 7,578 17,195
2023 Total Population : 1,363 7,505 16,862
2023 Employed Civilian Pop : 624 3,349 7,648
2023 Total Businesses : 9 72 213
2023 Average Household Income : $ 139,738 $ 126,913 $ 110,802
2023 Total Consumer Spending : $ 64 M $ 304 M $ 628 M
2023 Median Age : 40 41 45
2023 Total Households : 542 2,815 6,587
2023 Pop Age 25+: Bachelor's Degree : 159 910 2,291
2023 Average Home Value : $ 282,704 $ 252,044 $ 250,346
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
PA-739 Wild Meadow Dr 2021 4,800 0.21 mi
PA-739 Conashaugh Trl 2022 4,276 0.21 mi
PA-739 Sunrise Dr 2022 4,276 0.57 mi
2022 300 1.35 mi
2022 300 1.80 mi
Geronimo Path 2022 300 2.01 mi
Five Mile Meadow Rd 2022 300 2.15 mi
Cabin Rd 2022 300 2.30 mi
State Rte 739 Blue Aspen Dr 2017 4,458 2.58 mi
Cabin Rd 2022 300 2.62 mi

Listing Broker

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