Listed by Tri-Oak Consulting Group
$1,671,217
Relocation Store - Dollar General - North Apollo, PA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,640
Cap Rate 6.65%
NOI $111,070
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 11/30/2035
Remaining Term 9.4
Lease Options Three, 5-Year Options
Price per SqFt $157
Year Built 2020
Acreage 1.840
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/08/2020
Ground Lease No
Dollar General | 6.65% CAP | 10,640 SqFt | Absolute NNN Lease
Investment highlights
- Large Parcel - This opportunity sits on a 1.84 Acre parcel.
- Relocation Store - Relocated to this site so confidence in them staying at this location is high.
- Strong Foot Traffic - This location is ranked in the 62nd percentile for Dollar Generals Nationwide for foot traffic.
- 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 - $80,707 AVG HHI within 5-miles of the property.
- Long-Term Lease - Over 10 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
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,070.00
$9,255.83/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
