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Dollar General
2590 Pennsylvania 940, Pocono Summit, PA 18346
$1,562,068
Cap Rate 7.25%
Summary
| Price $1,562,068 | Built/Renov 2015 | Tenant Dollar General |
| Cap Rate 7.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,100
| Lease Start
02-10-2015
| #Units
19,294
|
| Price/SF $171.66 | Expiration
02-28-2030
| Tenant Type Dollar/Discount |
| NOI $113,250 | R. Term 6.2 | 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 |
| | |
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...
...Features
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Build to suit
-
Dense retail corridor
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Near major nationals
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Strategically located
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Freeway close
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Highway location
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Absolute NNN
-
Traded and rated company
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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 : | 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 |
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 |
