Listed by Foundry Real Estate Development
$2,138,616
Dollar General Market - New Alexandria, PA
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 10,640
Units 1
Cap Rate 6.5%
NOI $139,010
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/31/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options 3-Five Year
Price per SqFt $201
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 2.260
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/04/2024
Occupancy Date 10/04/2024
Ground Lease No
Ownership PennTex Ventures, LLC
Sale Condition For sale by owner
Absolute NNN Dollar General Market
Marketing description
-5% Rent Increases Every 5yrs
-15-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-Rent commenced October 2024
-3-Five Year Options
-Corporate Guaranteed by Dollar General Corporation
-Investment grade rated BBB by Standard and Poor’s
-7,300+ Population within 5 miles
-9,400+ Average Daily Traffic count
Investment highlights
-5% Rent Increases Every 5yrs
-15-yr Absolute NNN Lease
-Zero Landlord Responsibilities
-Rent commenced October 2024
-3-Five Year Options
-Corporate Guaranteed by Dollar General Corporation
-Investment grade rated BBB by Standard and Poor’s
-7,300+ Population within 5 miles
-9,400+ 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
$139,010.00
$11,584.17/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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