DOLLAR GENERAL & SERVPRO | HAGERSTOWN, MARYLAND

Purchase Price
$2,124,184
Location
16525 National Pike
Cap Rate
6.16%
Annual Rent
$131,000.00
Building Size
DG = 9,100 SF; SP = 3,600 SF
Land Area
1.75 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
DG = 14.5 Years; SP = 5 Years
LEASE EXPIRATION
DG = 01/31/2036; SP = 01/31/2036
Renewal Options
DG = Three (3) - Five (5) Year; SP = One (1) - Five (5) Year
RENT INCREASES
10% At Options
Parking
36 Spaces
Year Built
2021
APN
24-003213
Traffic Counts
12,467 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL LEASE:

  • 14.50 Years Remaining in the Initial 15 Year Lease Term (Lease Exp: 01/31/2036)
  • 2021 Construction - 9,100 SF
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

SERVPRO LEASE:

  • Approximately 5 Years Remaining in the Initial 5 Year Lease Term
  • One (1) - Five (5) Year Option Period at a 10% Rental Increase
 

NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Parking Lot & Structure
  • Tenant is Responsible for Maintaining & Repair of HVAC Units
 

TENANT - DOLLAR GENERAL:

  • Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s
  • 17,426 Stores in 46 States as of April 30, 2021
  • Dollar General Achieved Their 30th Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years
 

TENANT - SERVPRO:

  • The Leader in the Restoration Industry
  • Ranked #1 in Restoration Services Category by Franchise 500
  • Provides Residential & Commercial Water, Fire, Mold Cleanup & Restoration Services
  • Over 1,700 Franchisees Nationwide
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile = 828 Residents; $66,870 Average Household Income
  • 3-Mile = 12,850 Residents; $72,517 Average Household Income
  • 5-Mile = 66,937 Residents; $67,375 Average Household Income
  • 7-Mile = 105,059 Residents; $75,413 Average Household Income

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