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Dollar General
4025 Durham Road, Ottsville, PA 18942
$1,962,433
Cap Rate 6.00%
Summary
| Price $1,962,433 | Built/Renov 2021 | Tenant Dollar General |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,200
| Lease Start
11-24-2021
| #Units
19,294
|
| Price/SF $213.31 | Expiration
11-30-2036
| Tenant Type Dollar/Discount |
| NOI $117,746 | R. Term 12.11 | Ownership Fee Simple |
| Rent/SF
$12.80
| Increases 10.0%/13/yrs | Pop 5Mi 10,169 |
| Lot/AC 2.30 | Options 2/5yrs/10% | AHHI 5Mi $119,109 |
| | |
Lease Highlights
- New 2021 construction with Dollar General’s newest prototype
- Tenant has 13 years remaining on the current lease term with 2 (5-year) and 1 (4-year, 11 months) options to extend
- Lease features 10% rental increase at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease | Investment grade tenant
Location Description
Dollar General is ideally situated on Durham Road (8,952 VPD), within a half mile of the intersection at Route 611 (12,256 VPD), a major thoroughfare that provides access to the Lehigh Valley to the north and Philadelphia to the south. There is minimal competition in the area, as the closest dollar store is nearly 10 miles away. The property is immediately north of Nockamixon State Park, a...
...Features
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New construction
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Oversized lot
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Strategically located
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Top 100 MSA
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Affluent AHHI $100K 5 Mi
-
Absolute NNN
-
Long 10+ yr lease
-
Traded and rated company
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Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 281 | 3,958 | 10,286 |
| 2023 Total Population : | 284 | 3,936 | 10,224 |
| 2023 Employed Civilian Pop : | 128 | 2,047 | 5,484 |
| 2023 Total Businesses : | 65 | 204 | 383 |
| 2023 Average Household Income : | $ 153,744 | $ 149,078 | $ 154,163 |
| 2023 Total Consumer Spending : | $ 16 M | $ 209 M | $ 555 M |
| 2023 Median Age : | 51 | 51 | 51 |
| 2023 Total Households : | 127 | 1,653 | 4,264 |
| 2023 Pop Age 25+: Bachelor's Degree : | 62 | 863 | 2,290 |
| 2023 Average Home Value : | $ 474,490 | $ 572,721 | $ 602,654 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Durham Road | Mountainview Dr | 2021 | 8,536 | 0.11 mi |
| Easton Rd | Brendas Way | 2018 | 7,634 | 0.17 mi |
| Easton Rd | Durham Rd | 2017 | 12,256 | 0.48 mi |
| Easton Rd | Frogtown Rd | 2019 | 7,641 | 0.76 mi |
| Easton Road | Fern Crest Dr | 2022 | 7,085 | 0.76 mi |
| Easton Road | Tabor Rd | 2022 | 13,210 | 0.76 mi |
| Easton Road | Tohickon Valley Rd | 2021 | 16,920 | 0.76 mi |
| Easton Rd | Foellner Ln | 2017 | 12,256 | 0.97 mi |
| Durham Road | PkDr W | 2021 | 8,138 | 1.15 mi |
| Durham Road | William Rd | 2022 | 8,144 | 1.15 mi |
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