Listed by Matthews
$1,962,132
Dollar General with Dense Population
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 12,480
Cap Rate 7.35%
NOI $144,216
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Remaining Term 7
Rent Bumps Yes
Price per SqFt $157
Class A
Year Built 2013
Buildings 1
Stories 1
Acreage 2.200
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Absolute NNN Lease | Large Format Store | Lease Term Remaining
Investment highlights
Absolute NNN Lease – No Landlord Responsibilities
12,480 SF Large Format Store to Serve the Dense Surrounding Population
±7.4 Years Remaining and Three, 5-Year Option Periods
Early Extension! Dollar General recently extended their Base Lease Term for Five (5) Additional Years showing their strong commitment to this location!
10% Rent Increases in Each Option Period
$84,965 Average Household Income in a 5-Mile Radius
±153,973 People within a 5-Mile Radius of the Property
±714,134 People within a 10-Mile Radius of the Property
±11-Mile Drive from Downtown Pittsburgh
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,216.00
$12,018.00/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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