Listed by Tri-Oak Consulting Group
$1,400,000
Dollar General - Industry, PA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 7.03%
NOI $98,376
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 02/28/2035
Remaining Term 8.7
Lease Options Three, 5-Year Options
Price per SqFt $154
Year Built 2020
Acreage 2.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/12/2020
Retail | 7.03% CAP | 9,100 SqFt
Investment highlights
Large Parcel - This opportunity sits on a 2.73 Acre parcel.
Absolute NNN Lease - No Landlord responsibilities creating a truly passive investment.
Investment Grade Tenant - Corporate Guarantee (S&P Rating: BBB).
Above Average Surrounding Household Incomes - $100,125 AVG HHI within 3-miles of the property.
Long-Term Lease - 9 years remaining on the current term including three, 5-year options with 10% increases in each.
Strong Expanding Company - Dollar General secured the 108th spot on the Fortune 500 list and earned a place on Fortune's roster of the World's Most Admired Companies for 2023. Its annual net sales surpassed $37.8 Billion.
Listing Contacts
Listed by Tri-Oak Consulting Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,376.00
$8,198.00/mo
Valuation Metrics
0
DSCR
7.03%
Cap Rate
7.03%
ROI
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