Dollar General

2590 Pennsylvania 940, Pocono Summit, PA 18346

$1,490,000

Cap Rate 7.60%

$1,540,816

Cap Rate 7.35%

DOM: 159 Updated: 06.05.24 Posted: 11.14.23 Status: Sold 04.22.24

Summary

Price $1,490,000 $1,540,816	Built/Renov 2015	Tenant Dollar General
Cap Rate 7.60% 7.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 02-10-2015	#Units 19,986
Price/SF $163.74 $169.32	Expiration 02-28-2030	Tenant Type Dollar/Discount
NOI $113,250	R. Term 4.9	Ownership Fee Simple
Rent/SF $12.45	Increases 10.0%/6/yrs	Pop 5Mi 21,977
Lot/AC 1.36	Options 3/5yrs/10%	AHHI 5Mi $78,557

Josh Bishop

Matthews REIS

Contact

Lease Highlights

Dollar General has 6+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 10% rental increase at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Dollar General is strategically located along Route 940, with access to 1,800 vehicles passing by daily. The property is part of an excellent retail corridor, surrounded by national tenants, such as Walmart Super Center, Lowes, Aldi, Exxon, CVS, Tractor Supply, Starbucks, and more. The 5-mile trade area is supported by a population of 21,977 residents, with an average household income of...

...

Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Freeway close
Highway location
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Dollar General Wikipedia Dollar General Wikipedia Pocono Summit, PA Zip Code 18346 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,266	8,885	20,921
2023 Total Population :	1,301	9,084	21,178
2023 Employed Civilian Pop :	635	4,248	9,969
2023 Total Businesses :	60	395	749
2023 Average Household Income :	$ 90,381	$ 92,687	$ 92,892
2023 Total Consumer Spending :	$ 39 M	$ 284 M	$ 662 M
2023 Median Age :	46	44	43
2023 Total Households :	506	3,554	8,259
2023 Pop Age 25+: Bachelor's Degree :	122	871	2,164
2023 Average Home Value :	$ 285,909	$ 261,345	$ 249,144

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Willow Grove Rd	2021	8,202	0.24 mi
	Sr4002	2022	8,017	0.24 mi
Long Pond Road	Summit View Dr	2021	10,000	0.53 mi
PA 940	Sr4002	2020	6,575	0.56 mi
	Rte 940 E	2021	2,597	0.61 mi
	Wintergreen Ln	2021	2,383	0.61 mi
I 380	Wintergreen Ln	2022	12,030	0.63 mi
State Rte 940	Sunset Strip	2017	7,187	0.64 mi
	Woodland Dr	2022	11,562	0.66 mi
	Pocono Summit Rd	2021	1,838	0.69 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT