DOLLAR GENERAL | FLINTSTONE, MARYLAND

Purchase Price
$1,618,889
Location
Flintstone Drive NE
Cap Rate
5.25%
Annual Rent
$84.00
Building Size
10,640 SF
Land Area
TBD
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
15 Years
LEASE EXPIRATION
12/31/2037
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2022
APN
TBD
Traffic Counts
20,379 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 15 Year Initial Lease Term
  • 2022 Brand New Build-to-Suit Dollar General
  • Store is Scheduled to Open in December 2022
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

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

DG PLUS STORE:

  • 10,640 SF Building
  • Larger Prototype with Additional Sales Floor Space
 

ROCKY GAP CASINO RESORT (6 MILES FROM SUBJECT PROPERTY):

  • Opened in 2013
  • $35 Million Casino
  • 558 Slots, 10 Table Games
  • 200 Hotel Rooms + Jack Nicklaus Signature Golf Course
 

PROXIMITY FROM FLINTSTONE, MARYLAND:

  • Hagerstown, MD | 56 Miles
  • Morgantown, WV | 85 Miles
  • Washington, D.C. | 124 Miles
  • Baltimore, MD | 124 Miles
  • Pittsburgh, PA | 129 Miles
  • Richmond, VA | 216 Miles
  • Philadelphia, PA | 225 Miles
  • Charleston, WV | 239 Miles
  • Trenton, NJ | 244 Miles
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,566 Stores in 47 States as of July 29, 2022
  • Ranked #106 on the Fortune 500 List

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