Listed by Trinity Real Estate Investment Services
$1,249,300
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 8%
NOI $99,944
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $138
Year Built 2018
Acreage 4.180
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/24/2018
Ownership Fee Simple
Retail | 8.00% CAP | 9,026 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Oliveburg, PA. This property features 7+ years remaining on the primary term, an absolute NNN lease with zero landlord responsibilities, and attractive 10% rent increases in the option periods.
Property Website: https://trinityreis.com/listing/3317-route-36/
In cooperation with Brian Brockman at Bang Realty-Pennsylvania Inc | PA #RM432816 | [email protected] | (513) 898-1551
Investment highlights
- Oliveburg, PA Dollar General With 7+ Years Remaining on Primary Term
- Absolute NNN Lease Requiring Zero Landlord Responsibilities
- Attractive 10% Rent Increases in the Option Periods
- Large 4.18 Acre Parcel Along Route 36 With 4,000+ Vehicles Passing Daily in Front of Subject Property
- Limited Local Retail Competition - the Only Convenience Store Within 3 Miles, Serves as a Key Retail Destination for Oliveburg and Surrounding Jefferson County Communities
- Healthy 5-Mile Demographics for a Dollar Store With 10,000+ Residents
- Backed by Dollar General’s Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,944.00
$8,328.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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