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Updated: 11.09.23 Posted: 10.05.23 Status: Sold

Summary

Price $2,404,598
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,727
Lease Start 05-04-2023
#Units 19,294
Price/SF $188.94
Expiration 05-31-2038
Tenant Type Dollar/Discount
NOI $140,669
R. Term 13.1
Ownership Fee Simple
Rent/SF $11.05
Increases 10.0%/14/yrs
Pop 5Mi 18,732
Lot/AC 2.95
Options 3/5yrs/10%
AHHI 5Mi $103,890

Lease Highlights

  • Brand-new 2023 construction
  • Tenant recently signed a new 15-year lease with 2 (5-year), 1 (4-year, 11 months) options to extend
  • Lease features 10% rental increases in each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar General Market is strategically positioned with prominent signage and excellent frontage at the intersection of N. 3rd Street and Mill Road in Womelsdorf, PA with a daily traffic count of 5,528 vehicles. Additionally, the property is just 200 feet away from the signalized intersection of N. 3rd Street and Conrad Weiser Parkway/Route 422, a major thoroughfare connecting Womelsdorf to...

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Maps

  • 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: Baa2
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,385 10,325 18,889
2023 Total Population : 3,330 10,213 18,732
2023 Employed Civilian Pop : 1,750 5,288 9,524
2023 Total Businesses : 86 249 506
2023 Average Household Income : $ 84,734 $ 95,529 $ 103,890
2023 Total Consumer Spending : $ 104 M $ 336 M $ 633 M
2023 Median Age : 43 43 43
2023 Total Households : 1,415 4,074 7,082
2023 Pop Age 25+: Bachelor's Degree : 288 1,138 2,142
2023 Average Home Value : $ 202,724 $ 271,726 $ 317,148
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 3rd St Hwy419 2017 5,161 0.02 mi
North 3rd Street Pear Aly 2022 4,631 0.07 mi
Conrad Weiser Parkway N Mill Rd 2022 3,983 0.22 mi
Conrad Weiser Parkway Westview Trce 2022 3,983 0.23 mi
Conrad Weiser Parkway Hwy419 2019 4,500 0.23 mi
W High St S 3rd St 2017 5,161 0.23 mi
Conrad Weiser Parkway Hwy419 2021 13,539 0.23 mi
Northvale Blvd 2021 5,528 0.26 mi
Rte 419 Conrad Weiser Pkwy 2017 5,064 0.26 mi
S 2nd St Plum Aly 2017 4,075 0.42 mi

Listing Broker

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