Listed by Foundry Real Estate Development
$1,812,060
Dollar General - Claysburg, PA
Details
Property Type Retail
Sub Type Storefront
Square Footage 10,566
Net Rentable (SqFt) 10,566
Units 1
Cap Rate 6.5%
NOI $117,784
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options 3-Five Year
Price per SqFt $172
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 1.460
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2023
Occupancy Date 12/01/2023
Ground Lease No
Ownership PennTex Ventures, LLC
Sale Condition For sale by owner
Newly Built Dollar General w/ Initial Term Increases - Claysburg, PA
Marketing description
-5% Rent Increases Every 5yrs
-15-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-Rent commenced December 1, 2023
-3-Five Year Options
-Corporate Guaranteed by Dollar General Corporation
-Investment grade rated BBB by Standard and Poor’s
-11,700+ Population within 5 miles
-6,211 Average Daily Traffic count
Investment highlights
-5% Rent Increases Every 5yrs
-15-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-Rent commenced December 1, 2023
-3-Five Year Options
-Corporate Guaranteed by Dollar General Corporation
-Investment grade rated BBB by Standard and Poor’s
-11,700+ Population within 5 miles
-6,211 Average Daily Traffic count
Listing Contacts
Listed by Foundry Real Estate Development
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,784.00
$9,815.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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