DOLLAR GENERAL | OAKLAND, MARYLAND

Purchase Price
$2,452,580
Location
437 N 3rd Street
Cap Rate
5.00%
Annual Rent
$122,629.00
Building Size
10,640 SF
Land Area
1.88 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
15 Years
LEASE EXPIRATION
08/31/2037
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
41 Spaces
Year Built
2022
APN
17-006487 & 17-008978
Traffic Counts
12,691 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 August 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
 

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 = 2,079 Residents; $67,491 Average Household Income
  • 3-Mile = 6,213 Residents; $65,325 Average Household Income
  • 5-Mile = 9,633 Residents; $70,608 Average Household Income
  • 7-Mile = 12,892 Residents; $77,752Average 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
  • 18,190 Stores in 47 States as of February 28, 2022
  • Ranked #91 on the Fortune 500 List

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