DOLLAR GENERAL & SERVPRO | HAGERSTOWN, MARYLAND



INVESTMENT SUMMARY

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

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