DOLLAR GENERAL | OAKLAND, MARYLAND
INVESTMENT SUMMARY
Purchase Price
$2,075,000
Location
437 N 3rd Street
Cap Rate
5.91%
Annual Rent
$122,629.80
Building Size
10,640 SF
Land Area
1.88 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
15 Years
LEASE EXPIRATION
11/30/2027
Renewal Options
RENT INCREASES
10% at Options
Parking
41 Spaces
Year Built
2022
APN
17-006487 & 17-008978
Traffic Counts
14,238 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 15 Year Initial Lease Term
- 2022 Brand New Build-to-Suit Dollar General
- Store is Open for Business
- 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
RELOCATION STORE | DG PLUS STORE:
- Relocation of Dollar General Store #892
- Former Dollar General is Located Approximately 0.3 Miles North on Garrett Hwy
- 10,640 Square Foot Building
- Larger Prototype with Additional Sales Floor Space
TRADE AREA DEMOGRAPHICS:
- 1-Mile = 2,048 Residents; $93,103 Average Household Income
- 3-Mile = 6,416 Residents; $74,468 Average Household Income
- 5-Mile = 9,820 Residents; $76,638 Average Household Income
- 7-Mile = 13,232 Residents; $87,333 Average Household Income
PROXIMITY FROM OAKLAND, MARYLAND:
- Morgantown, WV | 42 Miles
- Pittsburgh, PA | 108 Miles
- Washington, D.C. | 173 Miles
- Baltimore, MD | 188 Miles
- Richmond, VA | 230 Miles
- Cleveland, OH | 243 Miles
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,818 Stores in 47 States as of October 28, 2022
- Ranked #106 on the Fortune 500 List