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Dollar General
105 Kenmont Avenue, Lower Burrell, PA 15068
$1,454,453
Cap Rate 6.85%
Summary
| Price $1,454,453 | Built/Renov 2018 | Tenant Dollar General |
| Cap Rate 6.85% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,684
| Lease Start
12-18-2018
| #Units
19,294
|
| Price/SF $136.13 | Expiration
12-31-2033
| Tenant Type Dollar/Discount |
| NOI $99,630 | R. Term 10.0 | Ownership Fee Simple |
| Rent/SF
$9.33
| Increases 10.0%/13/yrs | Pop 5Mi 64,537 |
| Lot/AC 1.74 | Options 3/5yrs/10% | AHHI 5Mi $84,506 |
| | |
Lease Highlights
- Dollar General has 10 years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 10% increase at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
The subject property is ideally situated on Kenmore Avenue, directly across from Leechburg Road, which sees traffic counts in excess of 14,000+ vehicles per day. This is a dense retail corridor with surrounding national tenants including Walgreens, McDonald's, Exxon, PNC Bank, Taco Bell, O'Reilly Auto Parts, and more, creating a strong drive to the area and promoting crossover traffic to the...
...Features
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Build to suit
-
Dense retail corridor
-
Near major nationals
-
Top 100 MSA
-
Affluent suburb location
-
Absolute NNN
-
Long 10+ yr lease
-
Traded and rated company
-
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 : | 8,568 | 43,555 | 62,885 |
| 2023 Total Population : | 8,733 | 44,258 | 63,948 |
| 2023 Employed Civilian Pop : | 4,115 | 21,028 | 31,807 |
| 2023 Total Businesses : | 335 | 1,532 | 2,203 |
| 2023 Average Household Income : | $ 80,765 | $ 69,951 | $ 79,545 |
| 2023 Total Consumer Spending : | $ 288 M | $ 1253 M | $ 2039 M |
| 2023 Median Age : | 51 | 46 | 47 |
| 2023 Total Households : | 4,100 | 20,400 | 29,268 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,528 | 5,504 | 8,567 |
| 2023 Average Home Value : | $ 191,201 | $ 170,020 | $ 206,013 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Leechburg Road | Delaware Dr | 2021 | 16,832 | 0.06 mi |
| High St | Montana Ave | 2009 | 372 | 0.21 mi |
| Widmer Avenue | Edna St | 2020 | 303 | 0.28 mi |
| California Avenue | Russell Dr | 2020 | 86 | 0.28 mi |
| Grove Drive | Valleyview Dr | 2020 | 266 | 0.35 mi |
| Leechburg Road | Craigdell Rd | 2019 | 8,912 | 0.54 mi |
| Craigdell Road | Glenview Dr | 2021 | 4,786 | 0.64 mi |
| Tarentum Bridge Rd | Caldwell Ave | 2016 | 30,596 | 0.66 mi |
| Edgecliff Road | Garvers Ferry Rd | 2021 | 2,354 | 0.68 mi |
| Edgecliff Rd | Phillips Dr | 2019 | 2,239 | 0.75 mi |
