DOLLAR GENERAL | COATESVILLE, PENNSYLVANIA

Purchase Price
$1,646,157
Location
1106 W Lincoln Hwy
Cap Rate
7.00%
Annual Rent
$115,230.96
Building Size
9,202 SF
Land Area
1.03 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
7 Years
LEASE EXPIRATION
07/31/2031
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
29 Spaces
Year Built
2016
APN
38-2P-14 & 38-2P-15
Traffic Counts
8,500 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 7 Years of Guaranteed Lease Term
  • 2016 Build-to-Suit Construction
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
 

NATIONAL SPORTS & EVENTS CENTER (1.6 MILES FROM THE SUBJECT):

  • A New $80 Million Sports & Events Center Currently Under Construction
  • Spanning 245,000 Square Feet of Interior Space and Will Include a 2,500 Seat Multi-Use Arena and an Indoor Velodrome
  • Other Amenities Include: Athletic Performance Center, Multiple Sports Courts, a Boys and Girls Clubhouse, a Family Entertainment Center, Meeting Rooms and More
  • Projected to Generate 480 Thousand Annual Visits to the Center
 

COATESVILLE TRAIN STATION (2.4 MILES FROM THE SUBJECT):

  • A New $65 Million Train Station Designed to Accommodate Coatesville’s Growing Ridership and Meet American with Disabilities Act Requirements
  • Expected Completion Date = Fall 2025
  • With A Focus on Passenger Safety, Amenities and Mobility, the New Station Will Be a State-of-the-Art Facility Including High-Level Accessible Platforms with Canopies and Seating, Stair/Elevator Towers, a Public Address System, Added Parking, Lighting and Security Cameras
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 4,619 Residents
  • 1-Mile Average Household Income = $111,744
  • 3-Mile Population = 36,020 Residents
  • 3-Mile Average Household Income = $112,107
  • 5-Mile Population = 63,988 Residents
  • 5-Mile Average Household Income = $124,917
 

PROXIMITY FROM COATESVILLE, PENNSYLVANIA:

  • West Chester, PA | 16 Miles
  • Lancaster, PA | 26 Miles
  • Wilmington, DE | 27 Miles
  • Philadelphia, PA | 47 Miles
  • Trenton, NJ | 69 Miles
  • Baltimore, MD | 73 Miles
  • Washington, DC | 111 Miles
  • New York, NY | 129 Miles
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List (2024)
  • 20,345+ Stores in 48 States

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