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Dollar General
4 Roadside Drive, Shartlesville, PA 19554
$1,495,652
Cap Rate 6.90%
Summary
| Price $1,495,652 | Built/Renov 2018 | Tenant Dollar General |
| Cap Rate 6.90% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,397
| Lease Start
08-29-2018
| #Units
19,294
|
| Price/SF $159.16 | Expiration
08-31-2033
| Tenant Type Dollar/Discount |
| NOI $103,200 | R. Term 9.8 | Ownership Fee Simple |
| Rent/SF
$10.98
| Increases 10.0%/5/yrs | Pop 5Mi 7,068 |
| Lot/AC 2.72 | Options 3/5yrs/10% | AHHI 5Mi $120,433 |
| | |
Lease Highlights
- Dollar General has 9+ years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 10% rental increase every 5 years throughout the initial term at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General is strategically located on Roadside Drive, with excellent visibility and access to Highway 78 which sees 1,661 vehicles passing by daily. It is also within close proximity to Mountain Rd. (4,178 VPD), and directly across the street from a brand-new Amazon Fulfillment Center. The surrounding 5-mile radius is comprised of 7,068 people, earning an average household income of...
...Features
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Build to suit
-
Strategically located
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Highway close
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Affluent AHHI $100K 5 Mi
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Absolute NNN
-
Limited competition
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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 : | 486 | 2,181 | 6,808 |
| 2023 Total Population : | 498 | 2,230 | 6,928 |
| 2023 Employed Civilian Pop : | 248 | 1,086 | 3,416 |
| 2023 Total Businesses : | 37 | 68 | 194 |
| 2023 Average Household Income : | $ 120,161 | $ 112,638 | $ 107,719 |
| 2023 Total Consumer Spending : | $ 21 M | $ 88 M | $ 243 M |
| 2023 Median Age : | 47 | 47 | 46 |
| 2023 Total Households : | 206 | 923 | 2,626 |
| 2023 Pop Age 25+: Bachelor's Degree : | 51 | 229 | 732 |
| 2023 Average Home Value : | $ 328,235 | $ 341,756 | $ 341,804 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mountain Rd | Old Hwy22 | 2017 | 4,186 | 0.07 mi |
| Mountain Rd | 2021 | 2,048 | 0.07 mi | |
| Mountain Rd | 2021 | 3,002 | 0.10 mi | |
| Old Route 22 | S 4th St | 2022 | 7,101 | 0.13 mi |
| N 1st St | Apple Dr | 2019 | 1,812 | 0.16 mi |
| I- 78 | Mountain Rd | 2019 | 2,388 | 0.17 mi |
| Mountain Road | Wessner Ln | 2021 | 3,951 | 0.22 mi |
| Mountain Rd | Motel Dr | 2017 | 4,186 | 0.24 mi |
| Old Rte 22 | S Northkill Rd | 2016 | 300 | 0.43 mi |
| Northkill Road | I- 78 | 2019 | 172 | 0.85 mi |
