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Views: 0 DOM: 27 Updated: 11.14.23 Posted: 11.14.23 Status: Active

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...

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Maps

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  • 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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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

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