DOLLAR GENERAL | COATESVILLE, PENNSYLVANIA
INVESTMENT SUMMARY
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
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