DOLLAR GENERAL | DUNCANSVILLE, PENNSYLVANIA
INVESTMENT SUMMARY
Purchase Price
$1,652,083
Location
1146 Old Route 22
Cap Rate
6.05%
Annual Rent
$99,951.96
Building Size
9,100 SF
Land Area
1.40 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
12.5 Years
LEASE EXPIRATION
05/31/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2018
APN
092450001
Traffic Counts
8,932 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 12.5 Years Remaining in the Initial 15 Year Lease Term
- 2018 Construction - 9,100 SF
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
- Wide Profile Building Type for Flexible Future Use & Universal Applications
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
PROXIMITY TO OTHER MAJOR CITIES:
- Pittsburgh, Pennsylvania | 89 Miles - 1 Hour: 49 Minute Drive
- Harrisburg, Pennsylvania | 128 Miles - 2 Hour: 5 Minute Drive
- Washington, D.C. | 163 Miles - 2 Hour: 53 Minute Drive
- Baltimore, Maryland | 165 Miles - 2 Hour: 48 Minute Drive
- Philadelphia, Pennsylvania | 229 Miles - 3 Hour: 29 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 2,040 Residents
- 1-Mile Average Household Income = $84,510
- 3-Mile Population = 10,841 Residents
- 3-Mile Average Household Income = $85,429
- 5-Mile Population = 30,129 Residents
- 5-Mile Average Household Income = $78,618
- 7-Mile Population = 56,416 Residents
- 7-Mile Average Household Income = $74,872
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,000 Stores in 46 States as of November 14, 2020
- Dollar General Achieved Their 30th Consecutive Year of Positive Same-Store Sales Growth in 2019
- 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