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Updated: 06.13.24 Posted: 08.10.23 Status: Sold

Summary

Price $1,269,500
Built/Renov 2022
Tenant Dollar General
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 03-07-2022
#Units 19,986
Price/SF $119.31
Expiration 03-31-2037
Tenant Type Dollar/Discount
NOI $92,039
R. Term 11.11
Ownership Fee Simple
Rent/SF $8.65
Increases 10.0%/14/yrs
Pop 5Mi 6,936
Lot/AC 2.00
Options 3/5yrs/10%
AHHI 5Mi $66,390

Lease Highlights

  • New 2022 construction
  • Dollar General recently signed a new 15-year lease with 2 (5-year) & 1 (4-year 11 months) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Dollar General Corporation (NYSE: DG)
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed 10,640 square foot Dollar General is strategically located at the hard corner intersection of Bethel Cemetery Road and William Penn Highway with access to 11,900 vehicles per day. The site benefits from its location within a residential area providing a direct consumer base for the site to draw from. The 5-mile trade area is supported by 6,936 residents earning an...

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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
2028 Total Population : 407 1,875 6,311
2023 Total Population : 406 1,904 6,449
2023 Employed Civilian Pop : 213 859 2,683
2023 Total Businesses : 6 52 182
2023 Average Household Income : $ 86,297 $ 80,735 $ 76,418
2023 Total Consumer Spending : $ 10 M $ 56 M $ 186 M
2023 Median Age : 48 48 47
2023 Total Households : 142 796 2,730
2023 Pop Age 25+: Bachelor's Degree : 23 148 572
2023 Average Home Value : $ 174,618 $ 165,213 $ 155,973
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
William Penn Highway 2017 11,897 0.14 mi
US 22 Bethel Cemetery Rd 2021 12,537 0.30 mi
William Penn Hwy 2019 277 0.41 mi
T801 Harry Boring Rd 2002 11,000 0.46 mi
William Penn Hwy H and S Dr 2009 11,324 0.48 mi
William Penn Hwy 2019 277 0.66 mi
Clyde Rd 2019 277 0.68 mi
Rte 259 Hwy S T712 2017 768 1.16 mi
Rte 259 Hwy S T801 2017 768 1.34 mi
William Penn Hwy 2021 571 1.45 mi

Listing Broker

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