Dollar General

110 Georges Ln, Belle Vernon, PA 15012

$1,849,521

Cap Rate 7.10%

$2,118,000

Cap Rate 6.20%

DOM: 256 Updated: 05.11.24 Posted: 08.10.23 Status: Sold 04.22.24

Summary

Price $1,849,521 $2,118,000	Built/Renov 2022	Tenant Dollar General
Cap Rate 7.10% 6.20%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 05-26-2022	#Units 19,294
Price/SF $173.83 $199.06	Expiration 05-31-2037	Tenant Type Dollar/Discount
NOI $131,316	R. Term 12.0	Ownership Fee Simple
Rent/SF $12.34	Increases 10.0%/14/yrs	Pop 5Mi 37,644
Lot/AC 1.75	Options 3/5yrs/10%	AHHI 5Mi $73,048

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

2022 construction featuring state of the art materials, high-level finishes, and distinct Dollar General design elements
Tenant signed a 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 lease | Zero landlord responsibilities
Corporate guaranteed lease by Dollar General Corporation (NYSE: DG)
Dollar General is an investment grade tenant (S&P: BBB)

Location Description

This newly constructed Dollar General is positioned along State Highway 51 with access to 10,000 vehicles passing by daily. This location features Dollar General’s newest prototype. The subject property is located near Rostraver Airport, providing a direct consumer base from which to draw. The 5-mile trade area is supported by 37,644 residents earning an average annual household income of...

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Key Features

New construction
New prototype
Strategically located
Highway location
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Belle Vernon, Pennsylvania Zip Code 15012 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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Listing Broker

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