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Views: 40 DOM: 58 Updated: 06.20.24 Posted: 05.15.24 Status: Active

Summary

Price $675,000
Built/Renov 2004
Tenant Dollar General
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,125
Lease Start 02-01-2024
#Units 19,986
Price/SF $83.08
Expiration 02-29-2028
Tenant Type Dollar/Discount
NOI $54,000
R. Term 3.7
Ownership Fee Simple
Rent/SF $6.65
Increases 8.0%/4/yrs
Pop 5Mi 6,055
Lot/AC 3.35
Options 2/5yrs/8%
AHHI 5Mi $68,198

Lease Highlights

  • Dollar General has 3+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 8% rental escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on West Pitt Street, providing excellent visibility and access to 4,700 vehicles passing by daily. The property is surrounded by well-known national tenants, including Goodwill, Ace Hardware, Rite Aid, Advance Auto Parts, Walmart Supercenter, and more. The 5-mile trade area is supported by a population of 6,055 residents with an average household income...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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