DOLLAR GENERAL | CHAMBERSBURG, PENNSYLVANIA
INVESTMENT SUMMARY
Purchase Price
$2,000,000
Location
5300 Molly Pitcher Highway
Cap Rate
5.67%
Annual Rent
$113,499.96
Building Size
10,640 SF
Land Area
1.64 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
15 Years
LEASE EXPIRATION
01/31/2037
Renewal Options
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2021
APN
10-OD20J-055
Traffic Counts
8,634VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Brand New Construction - Store Scheduled to Open in August 2021
- 2021 Construction Build to Suit Dollar General - 10,640 SF
- 15 Year Initial Lease Term
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof (Under Warranty), Parking Area (Capital Expenditures) and Structure
- Roof is Under Warranty for a Period of 25 Years
- Tenant is Responsible for Maintaining, Repairing & Replacement of HVAC Units
- Tenant is Responsible for Maintenance & Repair of the Parking Area (*Landlord is Responsible for Capital Expenditures to Parking Area)
- This Location Is Apart of Dollar General's National Insurance Program
PROXIMITY TO OTHER CITIES:
- Hagerstown, Maryland | 17 Miles
- Frederick, Maryland | 47 Miles
- Baltimore, Maryland | 84 Miles
- Washington, D.C. | 92 Miles
- Morgantown, West Virginia | 153 Miles
- Pittsburgh, Pennsylvania | 154 Miles
- Charlottesville, Virginia | 156 Miles
- Philadelphia, Pennsylvania | 164 Miles
- Dover, Delaware | 177 Miles
- Richmond, Virginia | 192 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 1,089 Residents
- 1-Mile Average Household Income = $82,766
- 3-Mile Population = 4,414 Residents
- 3-Mile Average Household Income = $95,153
- 5-Mile Population = 23,379 Residents
- 5-Mile Average Household Income = $79,862
- 7-Mile Population = 57,780 Residents
- 7-Mile Average Household Income = $81,668
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,266 Stores in 46 States as of February 26, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #112 on the Fortune 500 List - Up 7 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 11 Consecutive Years)
- In 2021 Dollar General Plans to Execute 2,900 Real Estate Projects, Including 1,050 New Store Openings, 1,750 Store Remodels, and 100 Store Relocations