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Views: 102 DOM: 238 Updated: 06.20.24 Posted: 11.17.23 Status: Active

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 19,986
Price/SF $213.31
Expiration 11-30-2036
Tenant Type Dollar/Discount
NOI $117,746
R. Term 12.4
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...

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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 : 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
*ESRI data is presented for informational purposes only

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

Listing Broker

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